I've been playing role-playing games since 1978, so when I say The One Ring is the finest game, from a physical quality perspective, that I have ever owned, I think that's saying something. I've been poring over the documentation in preparation for a new campaign, and I haven't been so excited about a new project in many, many years.
I do believe they have caught the true feel of the author's work, as well as the undercurrents of philosophy he was communicating. I've been a fan of JRRT since my college days, and not to disparage any efforts that have come before, I believe this will do a great job of having the kind of campaign I've always enjoyed running.
Story-heavy, min-max light. The structure of the game discourages such roll-playing, and doesn't bother the players with maneuvering their miniatures in just the right spot, etc. I think the abstract combat system will be very popular with the players who are into the story, but not into wargame aspects.
I bought every book I could get my hands on before I checked RPGNow. Ouch. So I have also purchased some of the pdfs as well, because I like having physical books for some things, and the pdfs so I can have them available on my laptop. Now, if only I could get a third copy for my kindle!
Do invest your funds and time. I believe you will be richly rewarded.
[5 of 5 Stars!]