Well they're making a relatively short book into 3 movies, we should consider the vastness of TLoTR trilogy was 3 movies. Stephen Colbert has a cameo in the second movie, and the book really wasn't that good. Might have been amazing for it's time
Well... Peter Jackson is an amazing director so I trust him not to fuck up the movie. I trust him even more given how well he did with the LotR movies. I've never actually read The Hobbit so I only really know a few bits and pieces of lore about it like the goblin king, Smaug, Gollum and all that It should be interesting.
I can't wait either!!! I'm so glad they got the original Gandalf and Gollum back, plus Smaug will be mocap instead of full CGI (very good). I'm also excited to see Sauron again, this time in his necromancer form!!
I can't imagine this movie being as good as the original animated hobit movie, and the really crappy trailer doesn't help any either. The original Hobit movie was a master piece, I don't see this holding a candle to it sigh.
It's actually quite a long story but told shortly. This confuses me too but know when reading the book it makes me feel it's possible to make it in three parts. There is also some bonus writings used with those movies so it might not be only Hobbit they're using as a reference.