bookverse Hobbit recs?

I saw the Hobbit movie a couple of weeks ago and it didn't do much for me, but I did find myself motivated to read the book, which I liked much better.

So does anybody have recommendations for good bookverse fic? I'm particularly interested in character studies (especially but not exclusively Bilbo-focused), or outside views of the events (e.g. from the people in the lake town), or anything sharing Tolkien's notable if intermittent skepticism about the whole "heroic revenge quest" business.