I just saw The Hobbit last night in a local cinema that is very soon upgrading to digital. Thankfully they hadn't "upgraded" yet. However, since they haven't posted this week's schedule yet, it is possible that they are upgrading to digital as we speak. They were going to upgrade sometime this month. I may have seen the last film that they will ever show on --gasp-- FILM at the Charlevoix Cinema!
The only problem that I noticed is that motion seemed really rough and distracting. Fast moving scenes were almost unwatchable. What's up with that? Could it have anything to do with the movie being recorded at 48fps but was only projected at 24fps? Would they just drop every other frame when making the print or would they have blended the frames somehow?