https://www.youtube.com/watch?v=gCUg6Td5fgQI have tentative good vibes about it. No allegiance to the Amazon Rings of Power smut. All the artwork adheres VERY closely to the Jackson films. Keeping the film primarily focused on the doings of Men rather than Elves and Valar keeps it grounded.
I suspect this is a probe on WB's part. Trying to see if more traditional takes on Tolkien are welcome and successful, on the heels of Amazon's underperformance in the same IP and all the liberties they took with it. If it pays off, I hope to see WB and maybe Wingnut (Jackson) approach the Tolkien estate for permission for one of the remaining crown gems: Either the Lay of Leithien, or the tale of the Silmarils.