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ethomaz said:

Three? I watched the slow pace of the first movie and I was "well there aren't a lot left for the second movie"... yeah I read the book... a friend asked me if there are anything big in the next movie and I said "they already told like 70% of the story in this movie" lol.

How they will do two more movies if they already are ahead half of the book? They plan to use some tale from Silmarillion or Unfinished Tales?

I struggled to get through An Unexpected Journey due to the pacing. Sure, the production values were ridiculous and lavish. Yes, you feel like you're in Middle Earth, but oof; sometimes you just have to ask "So where's the chase, and how do I cut to it?"

And I have no idea how they plan on stretching out the remainder of the story (if they stick strictly to what was in the novel) for an additional 5-6 hours (I'm realizing now that if the other two films are as long as the first, the entire story will be told over closer to 9 hours, not the 6 I originally posted). 

Part 1 ends with Flown to Mirkwood (Out of the Frying Pan, Into the Fire), which is about 1/3rd of the novel. I'm guessing they'll start with the spider lair and most likely finish Part 2 at the entrance of Smaug's lair/Lonely Mountain, which would be a massive dick move, but that would be about where the final third of the novel starts and it would be a natural place to leave everyone hanging to see the final third of the story.