If this project get off the ground I hope they fix a few things that bothered me about the movies. New Zealand is a beautiful place, but some of the locations were wrong in my opinion. Especially Rohan. It was much too rocky and harsh. It's supposed to be a giant grassy plain, stretching from horizon to horizon, without a hill in sight.
And the landscape surrounding Minas Tirith was also wrong. It's supposed to be dotted with farms and fields, and the distance to Mordor should be greater. You're only supposed to see a hint of the Mountains of Shadow surrounding Mordor from the citadel.
I'm obviously being nit-picky here, but unless they improve on the movies, and that will be tough, then what's the point of re-making it?