hobbit was a joke, primarily because it's never going to be as good as the 1977 animated film; perfect pacing, fantastic, otherworldly character design and animation, and an unforgettable smaug.
this one has all the hallmarks of a cashgrab to me. in particular: the completely fabricated part with radagast. not only was he not in the book, but the part where he went and explored dol guldur was done by gandalf in the extended fiction.
cate blanchette does make a dreamy elf queen though. we wouldn't need any fairy forests for her to find wood with me around XD