It does a good job of keeping the feel from the LotR movies, but it also seems to be lacking some of the majesty. This may just be because it's the first; after all, Fellowship was arguably the worst of the three LotR movies. (And it was still pretty good.) The same here.
It's also different because they're including so much. In LotRs, they had to take out so much stuff just to fit it into the 3 movies, but the Hobbit is one book being spread out over three movies, so they have room to add in new stuff. On one hand, I can appreciate it and I always love seeing more of Middle Earth. On the other hand... c'mon, drawing the Hobbit out into three movies? Now we have to wait even longer for it to conclude!
One thing that bugged me; it was shot in 48 FPS (Frames Per Second) instead of the standard 24. But while others claimed it felt more realistic, it seemed too jumpy and quick in places for me. Not the plot movement or whatever; the physical movements on the screen just felt off! Like everything was in fast forward. It cut down on the enjoyability for me anyway.
But all the same... I like the bits of plot they added in from the books. The characters seem far more real now, especially the dwarves, who I never really connected with in the Book. And Gandalf war arguably cooler in this movie than the previous LotR ones. And there was lots of epic scenery of