>>3869599 (OP)
Middle Earth is inherently antithetical to RPGs and so are the wishes of Tolkien. Video games are way too obsessed with killing and modern conventions would demand a dedicated magic class and a concrete scientific magic system which kills the whole thing. Modern players would also demand playable elves and Hobbits with nonsense video game distinctions like +1 throwing +1 hearing stats but offer no genuine difference whatsoever from playing any other race again cheapening the whole thing
Gamers would want to regularly meet with and influence core legendendarium characters and events and would want to have sex with them or to fight them or both.
The entire concept of different languages and dialects and alphabets would be ignored
The best middle earth game would just be a walking/hiking simulator. Both developers and audience lack the maturity and interest to tolerate anything else