Psychotic hit on one of my favorite things about this movie: the visual design. Yes, I do prefer practical effects/make up/etc to CG, but the set design and such is all pretty beautiful. These were my favorite aspects of the Lord of the Rings honestly, and I think it's still pretty strong in these movies.
That being said, the old 1977 cartoon movie is still the best movie adaptation so far .
Speaking of which, I almost want to try to organize a EoFF watch party of the cartoon Hobbit. I think that would be fun. I don't think I own the movie, though.