I liked it.

I just saw it today too and if you know anything about the books you would know that it could have been dragged out even longer than that and it skipped a few things or skimmed over them just to make it fit the 3 hour mark.

I gove much props to Peter Jackson for doing it the way he did and for finishing the story closer to the book than most movies have.

BTW funny little side note my roomate brought out....the trilogy took 18 months to be finished....Frodos journey in the books also took 18 months.