Am I the only one thinking this is overkill? The Hobbit is a very short book (compared to a lot of much longer books that got one movie). What can they possibly do with it that needs two movies, let alone three?
The Hobbit is a short book, but a lot goes unmentioned and is only told in Unfinished Tales. Reading the book, we get
"And then Gandalf buggered off for a while."....
.... "And then Gandalf came back"
But we don't get any of what happened with the White Council. Radagast the Brown isn't even mentioned in the Hobbit, but he arguably played a bigger role in the story than he did in Lord of the Rings, when you look at Gandalf's arc (The story could be told without mentioning the White Council, as Tolkien originally did tell it, but this is a major event to that ties the Hobbit and Lord of the Rings together; it's probably going to be the main focus of the second movie). Similarily, when Bilbo is seperated from the Dwarves, the book follows Bilbo only. We don't see how the dwarves escape the misty mountains. And when we get to the battle of Five Armies, Bilbo is knocked unconcious and we only get a quick recap of what happened from Gandalf afterward. In a movie, you can bet that will be expanded, to take up at least 20 minutes.
I've said before and I'll say it again right now: The Hobbit is a short book that is actually really heavy with plot. It's short because it's a children's book and uses simpler language and focuses on ONE party member's perspective, not because there is less going on. Looking at everything that happens in it, I can very easily see how it would take two movies to tell.
But I really
don't get how it can be extended to
three. Even if the third movie is meant to "Bridge the gap" between The Hobbit and Lord of the Rings, that means we get a movie where Bomber get's fatter, a couple of dwarves die of old age, and basically everyone goes into retirement. The only thing of note that happens between the two that I can think of is the Dwarves attempting to reoccupy Moria (Which would actually be awesome to see), but that doesn't seem like enough.