There was never any way Pete Jackson was going to please everyone. How can you turn a classic like LOTR into a series of films and not piss somebody off. Unless each film was gouing to be 5 hours long bits were going to have to be left out.
Now I do think he made some good and bad choices. Leaving Tom Bombadil and Ghan Buri Ghan were good choices as they were not essential to the plotline. The whole bit where Aragorn falls off the cliff in Two Towers was just like.....'dude, where did you get that idea from.'
On the whole I think Fellowship and Return were the better ones and Two Towers detracted from the story too much.
However if you view them just as a trilogy of films like Star Wars for example and don't compare them to the book, they are f****n awesome. The box office takings and DVD sales prove that.
Thats just my opinion anyway and fot those who don't know me i'm new to the forum, but I definitley like what I see so far.