As someone who walked into the Tolkien universe late, I was enraptured by The Hobbit before I watched Lord of The Rings. I got the experience of before and after, reacting to before the LoTR and then during, which was incredible.
I see all the hate the trilogy is getting, and it's mainly people saying how they're avid Tolkien fans who are pissy and immature about how Peter went about making the movies, how they butchered the storyline, and how it was boring. I know some things irritate me in the movie, things that piss me off, but all in all I don't think he or the movie deserves the hate it's getting. I've watched a majority of the 5 to 4 hour behind the scenes disks and got a good feel for the making of the movie, and I think the effort they put into it all was extraordinary. The explanation for why they made it a trilogy, and explanation for why they had to make an adaptation for the book, they explain why they do what they do.
The negative reviews I've seen are people pissing themselves over the fact that it doesn't stay true to everything that happens in the book, well, that's because it's a movie. It's a movie that was turned into a trilogy for better or for worse, but importantly they made it how they did because if they actually turned the book into a movie with everything that happened being in the book it would be incredibly boring. It wouldn't be enjoyable, it wouldn't be an epic journey as described. It wouldn't be what it could be, and I think that's what people are forgetting.
I would recommend this trilogy and the LoTR trilogy to whoever would listen, I love the movies and I love the world. I love the books and I love the movie adaptations of the books. I love thinking about it as all just more of what Tolkien had written given more life. I don't know if he would be proud or disappointed, and people can't say for him that he'd be disappointed. We won't know, so just appreciate what all there is.
Great trilogy, great movie, I recommend it heavily.