Someone called TolkienEditor has cut the three Peter Jackson The Hobbit movies down into a single 4-hour film and put the result up on BitTorrent. Their goal was to make the film hew more closely to the book, put the focus back on Bilbo as the main character, and to quicken the pace of the narrative.
The investigation of Dol Guldor has been completely excised, including the appearances of Radagast, Saruman and Galadriel. This was the most obvious cut, and the easiest to carry out (a testament to its irrelevance to the main narrative). Like the novel, Gandalf abruptly disappears on the borders of Mirkwood, and then reappears at the siege of the Lonely Mountain with tidings of an orc army.
The Tauriel-Legolas-Kili love triangle has also been removed. Indeed, Tauriel is no longer a character in the film, and Legolas only gets a brief cameo during the Mirkwood arrest. This was the next clear candidate for elimination, given how little plot value and personality these two woodland sprites added to the story. Dwarves are way more fun to hang out with anyway.
I enjoyed PJ’s The Hobbit, particularly the second one, but my main criticism was the lack of focus on Bilbo. I couldn’t rustle up any interest in the dwarves or their quest…they were a bunch of ex-rich dudes trying to get their money back. Bah! Martin Freeman was an amazing Bilbo and we just didn’t get enough of him. (via @tcarmody)