Well, that's interesting.
Ok, saw The Hobbit in 48fps 3D last night. No spoilers in this post, just reactions to the technology:
48 FPS has the "Soap Opera Effect" totally in play. Half of the scenes resemble a BBC docudrama or a day time soap opera. It looks cheap (on a grandly expensive scale) and it completely breaks your immersion every few minutes. On vistas and long shots, it looks breath taking. Whenever you're in close and the camera is moving OR a character is moving, it looks cheap and fake. It's even worse when the camera is moving and a character is.
The story is so amazing that I'm trying to warn you. I want you to experience the great story without it being marred by this. I mean, totally see it 48fps for your second viewing, if you want to see where the industry is going to force us to go. But for your virgin viewing, see it in 2D 24 Frames per second. Seriously, you will thank me. It's hard to describe just how bad it looks.
I'm still mulling a lot of it over, but I'll answer any questions you guys have.