Didn't think it looked good the first time I heard about it last year, don't think it looks good now. The Lord of the Rings is one of the most amazing works of fiction ever created, and it pwns most other novels or films. It deserves to have amazing video games created from it, and besides LotRO, no game has lived up to that potential. I have almost all the LotR video games, and they mostly seem like quick cheap ways of getting some easy cash out of LotR fans. LotRO, as mentioned, is the exception, but when you've got a 360, playing an online game on your computer for a high fee is just redundant and expensive.
Will I get this game? Chances are, eventually. Will I like it? Probably not. Then why get it Jamros? Because its LotR!
The plot I outlined above works! I'm probably going to wait until the price drops a lot, then buy it used.