It looks like many editors are trying to have the first Hobbit fanedit out of the gate, such as Tolkieneditor or a few other guys that have made their versions using the horrible-quality bootleg version of BOTFA.

I'm going to start editing the Theatrical Bluray when it comes out in a few months, but won't make a completely final version until the EE is released later this year. At that point I'll pick and choose which extras scenes will stay or go. I'll probably still upload a "nearly finished" version in between then just to get some feedback from viewers though.