YES.About the Hobbit : is the 48 fps version worth ?
Huge YES. I don't get why on earth some of the critics are negative towards the 48 fps capture. What the hell. The entire movie seemed incredibly smooth and was beautiful to look at. The idiots must not know what fps even means. Not to mention in 3D fps is cut in half, thus 48 fps becomes 24, which is the normal capture rate movies are captured in (and become 12 fps when in 3D). Normally during 3D movies the action becomes a huge mess as the lowered fps damages the smoothness of the action too much, but Peter Jackson obviously knows the industry better than most. He figured that to have both great 3D and smooth action (and a beautiful motion picture), you need to up your game in regards of the fps to weigh up for the loss in fps when capturing in normal 24 fps.
To me the heightened fps was a stroke of genius, and the beginning of a new trend (and salvation) for 3D movies.
As for the movie content. I can only consider myself amazed. I read The Hobbit when I was a kid, so my memory is limited to broad story events, but the "extended" and extra material was thoroughly enjoyable. A lot of it I assume is taken directly from the appendixes (I haven't read them to my great shame), as Jackson himself said they would. The scene with Gollum was spectacular. My only regret is that it's truly sad that we've seen the last of Gollum, forever. Andy Serkis deserves props in the way he came back years later and once again proved how spectacular his performance was and still is. What an iconic character. The gathering at the beginning (Bag End scene) was amazing, and exactly as I remembered it. Also, Galadriel was damn hawt. Saruman was hilarious (you'll understand why when you see it). Sir Ian McKellen was amazing as Gandalf, possibly even better than in LOTR, and Martin Freeman's portrayal of Bilbo was spectacular.
One thing's for sure, I'm looking forward to a massive marathon of The Hobbit + LOTR.
I couldn't do it mate.

x_x
. The director could of definitely shortened some scenes or took some out completely. However, like I said it's a good movie, and frequent movie goers should definitely go see it.