This is a good movie. Epic.
Soaring music. Lots of killing. Good guys win.
The little moments are more interesting than the big ones, I think. More personal. Less overwhelming. Fierce loyalty and unwavering commitment are a pleasure to see. Fierce fighting and unstoppable race to the completely expected and inevitable finale feels overwhelming and, sadly, somewhat boring.
While all six of the movies honor Tolkien's books, they don't allow for the reader to choose his/her foci. There is only one experience here. For those who won't read, they must embrace or reject Jackson's vision. Most have embraced it, even those who gave themselves the pleasure of creating their own, perhaps different epic one page at a time.
Acting, writing, special effects, editing, directing are all top notch. It isn't perfect, but it is quite good and has its moments of brilliance.