I was really disappointed by the Hobbit trilogy as a whole, but some moments, like Bilbo's Riddles in the Dark with Gollum, were as perfect as I had hoped for. I wish more of the whimsy of the books had been in--like Bilbo throwing rocks at the spiders and taunting them, the Elven feast in the forest clearing, and so on. Too many moments were Peter Jackson trying to make the Hobbit into another LOTR, and I didn't appreciate that at all. The tonal differences in the book vis a vis LOTR should have been taken more seriously, even with dark and scary
Dol Guldur in there.
The fan edit sounds interesting....but wouldn't it arguably violate copyright law? I don't know if it's truly fair use to simply cut up a movie and split some things out.