I have been reading a lot of Hobbit reviews lately.
While the film itself in generally critically acclaimed the HFR, aka. the 48 frames per second is a very controversial topic.
There seems to be a strong divide between supporter and haters.
I personally am not sure what to make of it. I can see arguments on both sides. After seeing the Hobbit in 3D-HFR I do think:
a) HFR makes everything look a bit more "cheap" and like a TV documentary.
b) but it really enhances scenes with special effects and CGI.
c) I got used to it very quickly. I only really noticed it for the first 10-15 minutes of the film.
Maybe a middle ground...roughly 32 FPS would have been a less controversial sweet-spot.
After all the heat the Hobbit is getting I don't think the HFR will catch on. But it was an interesting experiment none the less.