Great movie. Most of the elf scenes were weird, and the hobbits weren't as fat as I expected, but the scenery was tremendous. All the battle scenes were great, and you could really feel the lead characters as real people, flaws and all. Boromir and Frodo especially. I read a review in Newsweek that nailed it... the director was definitely more comfortable with the 'dark' scenes. No JarJar Binks or Ewok-type characters here. I'm definitely gonna see it a few more times.
BTW that lineup had THE MOST nerds I've ever seen in any one place. Or ever hope to see again.