Watched King Kong last night. Its not LOTR but it is not bad.
I was really disappointed with the CG in the first 3rd of the movie. It included lots of floaty/cartoon animation especially with the human figures. However the CG in the later parts of the film was very good other then some very glaring green screen bits.
Kong was very well rendered and the animation was great.
The only other problems were the pace which was all wrong and the overuse of dramatic close ups.
Overall a good film.