Thank you Mr.Sabin for your observations about "The Hobbit" in the new frame rate. I saw it in Dallas last night at Cinemark that had the 48fps in 3D and and overall I like what I saw. I may not be as discerning as you are but I just kind of got lost in the story like you did.
The 3D effect was kind of rather cool to me and used quite well in some scenes more than others. I got a bit tired of wearing the 3D glasses over my regular presciption glasses and I wish I could see the film without the 3D effect but at the higher frame rate. I loved the movie but at times it seemed to have a cartoonish look to the film. I look forward to see this in bluray at regluar fps so I can compare.