I thought the movie was fine, but also thought Jackson decided to do precisely the opposite of what he did in the Lord of the Rings movies. In those he made a lot of effort to make each one have the pacing of a movie. With The Hobbit he just said "I'm gonna throw as much Tolkienverse into this story as I can and screw the pacing." The full extended series will probably ultimately work better as a 12 hour TV series, even if you bingewatch it.