If you mean cut the extraneous stuff out of Jackson movies then you will hope in vain because, while adding in loads of extra stuff in he has also trimmed out a great deal - the meeting with Beorn is reduced down to virtually nothing, Mirkwood appears to take about 24 hours to traverse (plus no elvish parties), there is no exploring the Mountain or waiting for days on the doorstep (though the thrush does at least get to knock and I was worried for a moment it wouldn't), Bilbo does not spend weeks exploring Thranduil's palace and cooking up a plan, nor does he carry messages between Thorin and the other dwarves. Actually by the end of this movie Bilbo had yet to tell the dwarves about the ring.

I could go on, but you get the drift. To actually get The Hobbit you would need to put back a whole load of stuff and shift the tone.

Interchangeable dwarves though, are hardly Jackson's fault. With the exception of Balin, Bombur and Thorin the dwarves in the books are pretty interchangeable (Fili and Kili stand out but are indistinguishable from each other).