Pleased by how quickly I managed to finish this. The Hobbit is my least favourite of Tolkien's works, but I do love the last few chapters: "Our back is to legends and we are coming home."
Still uncomfortable with Bilbo's behaviour with the Arkenstone towards the end of the book. I think Tolkien wants us to read this as noble and self-sacrificing; but it does read as betrayal to me, and I think always will.
I also keep trying to line The Hobbit up with The Lord of the Rings, but I don't think this is a helpful approach to either work; they're completely different entities, and trying to read LOTR's detailed epicness into The Hobbit's whimsy does the latter a disservice which it doesn't really deserve. The Hobbit's world is much more like Fairyland than Middle-earth, and there are mysteries around its corners that the later and more established world can't really encompass.