Wow, been awhile since we had a RING-PING, LOTR as a musical? hmmm. Could be interesting, especially the dancing dwarves and singing ring wraiths.
The money spent on the production probably means they have done a reasonable job on special effects. I wonder how they are handling 2-3 foot tall Hobbits and 3-4 foot tall dwarfs -- perhaps they have used actual 'little people' as in the Wizard of Oz?? That is the impression I get from the picture.