I saw it a month back, and I thought the adaption was well-done. I didn't think the movie was as strong as the previous LOTR films, but I felt that was due more to the original source - the book is more or less a treasure-seeking adventure novel and doesn't have the grand sweep of the later three books. With that said, it was fun to re-visit the world of Tolkien as interpretated by Peter Jackson & Co, and Martin Freeman was especially noteable in his acting.