Finally saw this on Monday. Although I almost fell asleep during the first Hobbit movie, I have to admit that I found this one enthralling throughout. Kept me awake, even though I was probably twice as tired as compared to this time last year...
Didn't like:
1) The unexplained and seemingly unnecessary magufinnization of the arkenstone.
2) Too much time wasted on the unnecessary Tauriel / Kili romantic subplot.
3) Beorn looks like Teen Wolf, as played by Richard Kiel.
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Liked:
1) The Peter Jackson cameo at the beginning of the movie.
2) The bear version of Beorn looks cool. Looking forward to the battle of 5 armies action...
3) Nice inclusion of the one ring inscription for the true Tolkien nerds: Ash nazg durbatulûk, ash nazg gimbatul,ash nazg thrakatulûk agh burzum-ishi krimpatul.
4) The expanded/added Legolas, Tauriel (except as noted above), Bard, and Necromancer storylines.
5) The barrel riding scene was much more entertaining than the running-from-orcs scene(s) in the first movie. Loved Bombur, Action Hero!
6) Legolas: [Looking at two pictures in a locket that he has confiscated from Gloin. The picture on the left has a long thick beard] Who's this? Your brother?
Gloin: That's my wife!
Legolas: [Looking at the infant in the other picture] And who's the other one? Goblin mutant?
Gloin: That's my wee lad, Gimli!
7) Radagast is useful, while being less silly.
And, in case you missed it (I did)...
Did you catch that cameo in The Hobbit: The Desolation of Smaug?
I'm George. George McFly. I'm your density. I mean...your destiny.