I believe Jackson tagged the Barrels at about the hour mark, which still seems a bit early for me considering we need to get through Beorn, Mirkwood and the Elves by then. I guess it's doable, I was just hoping to have a good deal of Beorn. it's one of my favourite passages in the book. I was also hoping for plenty of Thranduil, the glimpse we got of him in the first film was fantastic (o
[Show spoiler]f course both will be back later for Battle of the Five Armies
).
That would leave
[Show spoiler]perhaps the second hour for arriving in Laketown and building up that culture / trekking to the Lonely Mountain mixed with building up the Dol Guldur investigations and second White Council. The final third would be the climb up the Lonely Mountain, Bilbo riddling with Smaug and his flight from the Mountain/the dwarves entering Erebor combined with the assualt on Dol Guldur for the action finale.