[abashed warning]: this post contains spoilers for the farseer & liveship traders trilogies
Actually, I am an exception in that I like liveship traders more than the original farseer trilogy (I'm currently reading book 3 of liveship traders after having read all the other hobb books in print) . I guess this is exactly because of the shift from 1st person POV to 3rd person POV - it lets the reader see so much more of all the characters, which i enjoy immensely. in the liveship traders, you see ALL sides of an argument. personally, this is the best side of the book for me. Hobb's shown me how to write by distancing the writer's knowledge from the character's knowledge as far as possible - note the interesting & repeating phenomenon of characters pursuing dreams of future based on their current information about the world (ie, the vestrits at home think Vivacia's still Kyle's when she isn't), which shows powerfully the individuality of the characters, and the way in which opposing characters often state their cases in equally convincing ways. i haven't read many other authors who've managed such a feat of characterization as the liveship traders is.
yes, i did think there were a few weak sides to the trilogy. hobb seems to have a penchant for letting things get bad, worse, worse still (witness malta, wintrow, ronica and everyone else) and then fixing them rather easily in a way that sometimes isn't completely convincing. look at malta, for instance. for so much of the trilogy she's such a nuisance that the reader hates her. suddenly, without all that much reason, she becomes conscious of morals and of what is best for the family. she grows up in an instant, not over a period of time.
other sudden character and plot changes are present in other hobb works, actually. witness how book 3 of farseers so easily solved the major problem that was the red ship wars - i don't know about you, but the way the dragons took care of it _off-screen_ left me feeling a bit cheated of something. fitz & the others never directly confronted their 'enemies', but rather awoke these 'magnificent beasts' which made everything all right. . .
despite all that, it's been a long while since i've last read fantasy as good as the stuff hobb spins