The Lord of The Rings is "relevant" in the sense that the fantasy genre still seems largely unable to escape from its shadow.
Frankly I've never been able to get into the trilogy and I really wish people making fantasy would just get over both it and D&D and start doing more original things, because vast swathes of the genre feel incredibly derivative and stale now. A great many authors also mindlessly imitate stuff Tolkien did because they've become staples of the genre, such as making up fake languages for their setting (which Tolkien did okay with since he was an actual linguist but most other authors completely faceplant on), writing books as massive brick-sized trilogies or series regardless of whether the story actually requires it (because Tolkien did it you see) and filling books with scads of mostly-superfluous world building.
I think it's that last one that bothers me the most. Due to Tolkien it's seen as okay or even desirable for a fantast novel to waste tons and tons of page time on world building that bogs down the story. To be clear I don't think Tolkien did this at all well, but his many imitators were even worse.
Frankly I've never been able to get into the trilogy and I really wish people making fantasy would just get over both it and D&D and start doing more original things, because vast swathes of the genre feel incredibly derivative and stale now. A great many authors also mindlessly imitate stuff Tolkien did because they've become staples of the genre, such as making up fake languages for their setting (which Tolkien did okay with since he was an actual linguist but most other authors completely faceplant on), writing books as massive brick-sized trilogies or series regardless of whether the story actually requires it (because Tolkien did it you see) and filling books with scads of mostly-superfluous world building.
I think it's that last one that bothers me the most. Due to Tolkien it's seen as okay or even desirable for a fantast novel to waste tons and tons of page time on world building that bogs down the story. To be clear I don't think Tolkien did this at all well, but his many imitators were even worse.