Who doesn't like dragons, swords, fairies, magic, elves, kings, princesses, etc. Tolkien's world is the basis for so many things that proceeded it.
It's pretty much a stable of toys, novels, movies - everywhere.
In short, I would give a resounding "yes"!
And now I will daydream about a Bridge of Khazud Dum attraction. "run, you fools.."
Well then let's think about this another way: what if UO was going to launch a major expansion (moreso than HP) that was generic fantasy, but pretty damn close to Lotr?
I have been taking surveys from Universal for several years now. LOTR has been a part of them the whole time. As has films like Austin Powers. I don't think this is anything to get excited about.
Ehh I think the success of Harry Potter has Universal Execs frothinga t the mouth. They have Disney on their heels for once. Another big themed land could make IOA a perennial player, and the best theme park in Orlando. Let's be honest, Transformers West is most likely a test run for a re-themed Super-hero island. I wouldn't be surprised to see them give up on Marvel and not share profits with Disney eventually if they felt they had a brand that was just as successful to work with.
I think a Lord of the Rings themed area sounds interesting.
I would love to be able to visit various "sites" like Rivendell, Lothlorien, or the Shire. I could even abide costumed "generic" characters, as long as they were not specific characters from the books. Rides...I dunno. Much agreed Universal did a fabulous job of Harry Potter. Still, I imagine that kind of project would entail permission and rights from so many people and companies, including the Tolkien trust, I have real doubts it coud happen. Not so sure the Tolkien family would go for the theme park idea, from what they've said before. But I wish whoever good luck with that (not gonna expect to see it in my lifetime, though.)
A Lotr themed land would be a terrible decision, although Harry Potter and Lotr both enjoy a similar number of hardcore fans, Harry fans seem to be much more commercial to me very willing to buy merchandise and see movies therefore also willing to attend a theme park. Lotr fans (or the hardcore ones) I see as much less commercial, I know many Tolkien addicts who refused to see the movies much less buy lotr merchandise.
What I'm trying to say is the lotr fanbase for the most part might just be too mature for a themepark. Most of harry potter movies were pg or relatively friendly pg 13 and the books were childrens books while all of tlotr were pg 13 and the books were distinctly Adult targeted.
The only way I see this happening is if The Hobbit is a massively successful franchise that manages to attract the right demographic.