Unwatchable. To take a book and try to stretch it out the way they did was sad. Instead of focussing on the spirit of the story and the characters, this giant troll dump of a trilogy focussed on squeezing every possible dollar out Tolkien's legacy. They should feel ashamed (but we know they don't.)
The saddest part is, this is the best of Tolkien's books. By far, this trilogy is the worst.
This is the equivalent to what star wars did with episode 1-2-3.