It makes sense if they broke it into just two parts. That way, the film is not rushed and they can stay more faithful to the book. I am surprised they broke it into three parts. That just seems like a bid for more money.
@kangaroojoey I suppose it all depends on the creator. Tolkien's elves were definitely tall and beautiful whereas they might be portrayed as completely different elsewhere. :) @somnia Oh, I hope you give it a go (if you're a fan of fantasy). This is as good as fantasy gets. :D