I can hear the Bond fans protesting already, but I would counter their arguments by saying that for every Goldfinger (1964) and Casino Royale (2006) there are 5 Bond films that are unspeakably
bad. In order to qualify as the best extended film franchise you've got to consistently turn out a quality product. By this standard I also rule out two George Lucas creations, Indiana Jones (now that there's a 4th one) and Star Wars (I think the awful prequels speak for themselves).
From the start, the Potter films have been a shining example of how to do children's adventure/fantasy right. They are well written, the casting choices have been right on the nose, and the special effects always serve the narrative rather than causing a distraction. Perhaps most importantly, the Potter films are not afraid to deviate from the source material when it makes sense to do so, which is also something the Lord of the Rings series got right. Changing small details and cutting out sub-plots might anger hardcore fans, but film is a different medium than the written word. Hermione's campaign to free house elves (a sub-plot which runs through 3 of the novels) simply wouldn't translate well to the screen and would ultimately hurt the story if it were included in the films.
While there are countless factors that go into making a good film it's possible there is none more important than pacing, and this is where The Half-Blood Prince shines. It's a slow burn. The film takes its time to tell the story, focusing on what the characters are feeling with long close-ups, and yet it never feels like it's meandering or wasting our time.
Clearly, the Potter franchise has become much more than a silly children's fantasy, becoming a full blown pop-culture phenomenon. But the reason for this is not because it's about magic or because of the cool special effects. These things might have sold the story initially, but the audience has stayed with Harry through his adventure because deep down it's a good story complete with interesting characters and a compelling drama that people identify with. The Half-Blood Prince is the best film yet from an already great series, and it masterfully sets up the final two-part installment by pacing itself perfectly to build anticipation.
Harry Potter and the Half-Blood Prince (2009) 10/10