Three Times The Hobbit?

[Inziladun]

Sounds like a familiar refrain.

The trouble starts when Mr Jackson starts to shoehorn in the back story. Many wondered how the director would get three films out of a 272-page book. Now they know. It makes some sense to put the dwarves’ quest into the larger context of the gathering storm in Middle Earth—the parallel activities of elves and wizards are sprinkled throughout the book and Tolkien indulged his imagination further in a lengthy appendix to “The Lord of the Rings”. But Mr Jackson has avidly seized on this material and dropped it in rather clunkily.

You know, why couldn't they have started the tale by taking a cue from UT's The Quest of Erebor? Just have Frodo, Sam, and Gimli talking together in Minas Tirith after Sauron's fall, and have someone ask why Bilbo was chosen by Gandalf. Gimli and Gandalf could have quickly set the stage, and then cut to Bilbo at Bag End.
Too simple for the likes of PJ?