Pretty much.
Peter Jackson was so obsessed with making more Middle Earth films that it clouded his conscious. Stretching The Hobbit story over three films was a horrible idea. PJ had to fill the gaps with something and it wasn't anything good.
I've read The Hobbit and The Lord of the Rings multiple times. I love the LOTR film trilogy. But I just can't get into "The Hobbit" trilogy.
I was really hyped for these films. Especially after the first teaser trailer (when it was just two). But I felt nothing but disappointment after watching AUJ and DoS. BotFA sounds like it will be just as disappointing, if not more so.
They're not completely bad. Jackson does get some things right. But the bad outweigh the good.
I guess the One Ring doesn't have such a hold over me.
Maybe some skilled fans who feel the same way will edit these films into a worthy adaptation of the book?