I see a lot of people giving grief about tje Goblin King, and while it was definitely not my favorite part of the movie, if anyone has ever seen the old Warner Bros. Hobbit animation from the... late 80s, maybe? The Goblin King is quite similar to what was shown in the movie, and equally underwhelming, so I think they actually relived it pretty well.
Also, as far as the 48fps is concerned, I absolutely loved it. It's weird at first, it seems you're watching a good videogame cutscene from an HD title like Final Fantasy or such, but once you get used to it, it's really smooth and cool. Also, when I saw fires up close, at the end, that's when I was really sold for good, that was one of the most beautiful things I've ever seen on a big screen, and the whole idea of watching on the big screen is exactly that, to have an amazing experience, otherwise, with all the surround technology, HD, huge-screened TVs and etc, unless the big screen provides an awesome experience, it might not be worth leaving the conforts of your home just for "seen it first" bragging rights (I still have nightmares about going to the pre-launch screening of New Moon with my wife - what can I say? she deserves it -, all those 12/14-year-olds screaming... brrrr... the horror....).
As far as the White Orc goes, that iron sticking ot of his elbow is like nails on a chalkboard for me, not sure why, but overall I liked how the "oakenshield" thing was done, and he was a great part of it, so I'll take it.
I absolutely loathed
Radagast, though. His sled even more.