When I went to see the first The Hobbit movie, I was worried about the intent to make 3 (probably epic) movies of what is a short book written for children. I left the theater with a "this is not going in the right direction" feeling. To the point that it was only the opening scenes of the third movies that made me realize that I forgot to go see the second one. Still haven't seen it yet. Obvious lack of motivation... After seeing the third movie I left the theater with a definite "meh, this was not the Hobbit in any way, and not a great film either" feeling. They should have remembered Faëries and Tom Bombadil Stories when working on The Hobbit. The Hobbit could not receive and should not have received a Lord of the Rings treatment.
For the rest, this article nails it. All these are the reasons I will not:
* buy them in any kind of physical or numeric format,
* pay to see the 2nd movie (at best I will wait for it to be aired on TV, and only for the sake of completeness),
* recommend them to anyone.
These movies, while not utter crap, do not deserve the money their makers ask from you.