Yeah, then I don't think you'd enjoy the third one. Why would you expect otherwise?
I didn't find it worse than the other two. I think it may be better (perhaps due to "newness") simply because I found it more fun.
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Just because I don't think a movie is "very good" doesn't mean I think it is "bad."
I enjoyed the first two, mostly because there was emotional porn. Characters were developped, and there was some interesting interactions between the characters. I saw the movies because people ranted about how great they were. I watched them and thought they were good, but not very good, certainly not great.
In contrast, most people (at least most I know) seem to hate this movie. They all comment on how unbelievably shallow the character development is. How dull the story is, and how unbelieveable it is (as in disbelief, not as in "ZOMG AWESOME").
Plus, I'm convinced that if Gandolf and Picard had babies, they would be the coolest people alive.