I watched the first because everyone went mad about them, the second because I was visiting people abroad and the they had already planned it. The third because, well I saw the first two so to end the whole thing. I slept in the movie theatre. The Hobbit movies I simply did not get near. No, they are not for me.
I think you could rather easily cut together the second and third Hobbit movie, perhaps adding a few extended edition scenes as well, to make one really great 3-4 hours movie. The editing on these movies was woeful, so many unnecessary scenes while leaving out a lot of important and interesting ones.
Yeah, most of the fluff was in the first two. We definitely could have done without the 40 minute "meet the dwarves/sing a long/toss bilbo's pots" scene in the first movie.
I know it is bon ton nowadays to make that sort of statement, but I hope you do realise that it's completely irrelevant. Whether there are two or three movies doesn't affect Enron either. You made a feeble attempt at sounding wise by regurgitating an overused nonsensical phrase.