Amen; I can't wait for "The Hobbit: The Phantom Edit". Hell, I've got (I think) all released editions of TLOTR (DVD vs. Blu Ray and "Special Editions" vs "Extended Editions", so 4 versions of each of the three movies), but refuse to buy "The Extended Editions" of The Hobbit because the normal edition is over-stuffed with junk as it is. Anyone watched any of the extended editions? Is there anything at all worth while in them? I noticed that the Extended Edition of "An Unexpected Journey" was 13 minutes longer; figured it just had more Dwarves running away from Orcs.
Ya know, when they were going to make "The Hobbit" into two movies I though, eh, that won't be too bad. The Rankin/Bass "The Hobbit" covered almost every event (I think they left out Beorn) in something like 75 minutes, but everything went by really fast. So if you filled out stuff a bit, added some of "The White Council" stuff, made the fight scenes a bit longer, I could certain see 2 90 minute or even 2 120 minute films. When they decided to make three movies, however, it was just a blatant money grub; they had to add a bunch of story just to make the films work individually. The whole "Bilbo saving Thorin from Bolg" at the end of the first movie had to be added so that 1) the movie's story arc was about Bilbo becoming a hero and 2) Bilbo had gained Thorin's (and the other dwarves') trust by the end.