So glad that you're enjoying it! I think it's a marvellous adaptation. Performances are all wonderful, and the music is gorgeous (particularly the sung narrative - you'll get to that soon!). Keep me posted on how you're enjoying the next parts!

(As well as the odd, "Look! A mountain!" type dialogue, I also like the crowd scenes that involve approximately four people.)

I also wonder to what extent it influenced scripting and performance decisions in the film. Of course, Ian Holm was cast as Bilbo, so I'm sure that Jackson et al. must have heard it at some point. I think you can spot influences from the Bakshi animation too.

Bombadil: heart of the forest, heart of the book.