Yes, it's true for the scene between Bilbo and Smaug/Gollum. On the other hand, the scene of the barrels is a disaster. The gopro breaks the immersion, Legolas and the dwarves are literally invincible and do pirouettes like Mario, there is no tension. It will be worse in the battle of the 5 armies... by the way, why is it still called the Hobbit? He doesn't intervene anymore.
A children's story made like a LoTR, that was Jackson's big mistake.
It would have been interesting, but well, we'll never know now. Just like Jodorowsky's Dune.