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Don't believe I think any differently about the movies now than I did back then. When FotR came out I went to see it twice in the theatres and loved it. Just the other day I watched the first half of the EE again curled up with some hot tea and a blanket nursing a cold. The novelty's gone now but I enjoyed it (especially the first part in the Shire) although I didn't have the patience to sit it through this time. But I never really watch films repeatedly anyway, hardly even once these days. However, I still think PJ did an excellent job with the first film. It was much, much better than what I had expected beforehand.

I liked TTT also, but to a lesser degree. I don't really have anything principally against the plot changes that were made and for me they often made the experience of watching the films for the first time more enjoyable because with them there was a sense of not knowing what's next, something that would be missing if the films were completely faithful to the books. Some changes did make me cringe, others were rather enjoyable. Examples of things I didn't mind are the Elves at Helm's deep, Arwens extended role, Pip and Merry and even Gimli as comical side-kicks... (though some Gimi-jokes were horrible, granted...)

By the time RotK came out the novelty of Lord Of the Rings-films had worn out for me and I didn't even bother to go and watch it in the theatres. Didn't like the looks of it in trailers and to be honest, I don't think I've watched it in its entirety even once, although I have seen all of the the movie-version in different sittings. And I didn't care much for it. Too loud and stupid and obvious.

Another reason I liked the first film best and the last film worst could be that my preference with the books is the same. I have read FotR more then ten times surely and always enjoy it immensely. RotK maybe only three times and with less enjoyment (though I do like it). TTT maybe five or six times and I adore some chapters in this one but care less for others.