Looking for the best edit of The Hobbit Trilogy, I read through the descriptions and change lists of every edit I could find. I have watched and re-watched different versions of The Hobbit over several months and, finally, I found this edit - exactly what I was looking for!
All the slapstick and fluff that could be cut is gone, but not to the point that would create unexplained events as I had seen in other edits.
The efforts made to hide Smaug covered in liquid gold is about the best that will ever be. I watched an edit that tried skipping to him flying towards the town and that didn't flow smoothly.
If I had to nitpick... the first time I watched this edit, I thought my audio/video was out of sync during the new voice-over during the eagle rescue. Plus the great scene with Thorin accepting Bilbo as a useful member of the group after the eagles was cut, but there was no way to keep it with the cuts made to the battle with the orcs. I'd rather have the cuts than that scene, so not a big deal.
Watched this edit last weekend. I got to say this was an amazing edit, great quality. The colour correction was great as I disliked the way the original versions looked. I also thought the restructuring of the movies into a 4 hour cut was well done, the unnecessary sub-plots are removed quickening the pace and I didn't mind the long hour run time as I liked that it was split in two just like the Extended Editions of The Lord of the Rings Trilogy. Ultimately this was more in tone with The Lord of the Rings Trilogy and more structured like Jrr Tolkien's Novel and all and all I really loved this edit and for me it is definitely the definitive version.