I loved the movie.
I loved the first one.
As for stretched or Padded or whatever?? I'm FINE with it. Absolutely fine with all of it. If he wanted to make this book into 4 movies I'd be giddy.
I have all four of the extended editions, and can't wait for the next one to come out. More minutes = more middle earth goodness.
Did Jackson change a few things? Absolutely. Are they BAD changes?? Not even a bit. All the changes I've noticed only make the movie MORE enjoyable than if they had filmed it the way Tolkien wrote it for his small children.
First of all.. the dwarves took WEAPONS with them to the dragon filled mountain... so ALREADY a bonus
But the way I look at is this... What book DOESN'T get changed from paper to screen? MOST books/movies I've seen, the 'fans' walk away grumbling about how 'so and so' didn't get his subplot included' or 'It was ok... but they cut out sooooo much'... The idea that THIS book includes everything Including the notes and appendices??? HECK YES!!!
Ok... maybe a little groaning with where it ended... but he ALWAYS does exciting cliffhangers that make me groan. So I was pretty much expecting it.