I had some problems with the movie, but overall I thought it was good. I guess it was intended for people who read the book, but still, some of the character development was less than apt. Particularly the dynamic between Aragon and Arwen. Yeah, they're in love and she'll give up her immortality for him, but that's about all you get. No background info on how they met, fell in love, etc.. etc..
There are a few others that I felt fell shy, such as the development of Gandolf's sect. Not really much on them either, but I suppose that's why there's 2 more movies. So I guess only time will tell
"Five to one, baby.
One in Five.
No one here gets out alive."