I forgot my conclusion
As in, I don't expect The Hobbit to match FotR. I expect it to be even more like TT/RotK - with even more liberties taken with Tolkien material. The book is already light-hearted - but with a certain measure of Tolkienesque charm and good taste. I'm not looking forward to Jackson ramping that up with extra burbs and farts, I have to say.
Still, I have to check it out in theaters - regardless. There's no way it won't be absolutely gigantic in terms of financial success.
The pointless 3D and 48 FPS crap will just add to the whole spectacle.