I am a huge huge fan of the books, and have read them many times. Enjoyed the movies immensely and while not scrupulously faithful adaptations, I think they stand well on their own.
All that being said, there is so much good fantasy out there that is dying for the “Epic” treatment of a phenomenal talent like jacksons. I would love to see Wizards First Rule, Wheel of Time, Farseer, Anything by Raymond Feist and or David Gemmell, R.A. Salvatore (Drizzt Do’Urden) and so many many more. Obviously there is a huge market for true fantasy stories done right on the big screen. They don’t need to keep beating the tolkien horse.