Just kidding...gotta go see it and wait for installment three.
Wait a minute - did I go into the wrong theater? Dang multiscreen cinemas...
No, the evil Sauron gets the ring and survives to become the 42nd President of the United States.
Shalom.
I read the books a long time ago, and I think Frodo ends up giving Gollum the finger.
Just had to comment; even though we knew what was going to happen at the end of Titanic, getting there was still quite a thrill-ride.
I might as well make this comment here as anywhere: the DEFINITIVE way to watch the LOTR will be late in 2004, when all three extended-version DVDs are out. Then you'll want to go somewhere (I need a friend with a superb home theater system), get a good breakfast, and then watch the whole thing end-to-end with as few breaks as possible. Pack a lunch.
This "total immersion" approach will be amazing.