While I'm excited that there will be so many movies of one book, I don't understand how. The book is 300 pages, that's usually a bit thin for TWO movies. But people told be that so much happens in it (I read it a while ago). But Tolkien was an author that described things very greatly.
But anyway, it will be an awesome trilogy and hopefully as good as LotR!! (Tickets for the 12th, check)