Uh-huh...um. When you say old movies, you mean the ones that came out 12 years ago right? That's just plain not old in movie terms. And it was based on books that were written something like 70 years ago, which still isn't all that old in book terms.
I'm not exactly sure what you're basing this on, the books, the films or the video games. There HAVE been multiple versions of movies based on the books.
I'm not sure you get this, when you say that everybody else is taking ideas from the Lord of the Rings, you aren't wrong I'm just not sure you understand exactly how long this has been going on. For all intents and purposes, all fantasy produced since 1956 has been adapting ideas from The Lord of the Rings, all of it, everything you mentioned was originally derived from the books, Warhammer=Lord of the Rings, Dragon Age = Lord of the Rings, Dwarves, Elves and orcs didn't even exist in a unified form until 1956.
Before Tolkien, Dwarves were representative of iron age living, or spirits that caused nightmares and pox, Elves were essentially pixies that lived in trees jinxing people and Orcs were just slang in the 1600s for some manner of unkempt beasts.
So, Yes, it's relevant, because every modern fantasy is just a retelling of elements of The Lord of the Rings, all of it, not one bit of it wasn't influenced by Tolkien in some way. It IS fantasy, it's not just one universe in fantasy it's ALL universes in modern fantasy, it can't be escaped or ignored.