FigmentJedi said:

Found another project here, calling itself There and Back Again: A Hobbit's Cut

https://ahobbitsholiday.wordpress.com/

Pacing's kinda wonky, but it's a pretty decent book-edit. Actually manages to sidestep the Orcs attacking during the barrel sequence entirely and Azog's been cut out entirely with Bolg in his place.

I just looked through this version. While it's impressive he was able to cut everything to three hours, the pacing of the entire film suffers as a result. Scenes and characters come and go so fast...nothing has time to breathe. There are also several audio issues and other continuity problems created by some of the edits. Between this and Tolkieneditor's version, I'd say the latter is the best complete fanedit right now.

This is just making me more excited to get my hands on the BOTFA bluray and start cutting away.