I knew the whole trilogy thing was a cynical cash grab, yet I swallowed my bile and went to see the first one. After I sat there bored for at least half of that movie, I made a vow not to watch a Peter Jackson movie again and I've kept it. I think that my parents were disappointed when I told them I wasn't going to see this with them the day after Christmas, but a guy who thinks turning a book that makes a perfectly fine 2-2.5 hour movie into almost 9 hours worth of films does not deserve my money.
I'll watch the Rankin-Bass version, it's a perfect adaptation of the story and, above all, isn't boring.