It's horrible.
Easily the most disappointing game of the year. The visuals look unimpressive, the story and voice acting are horribly weak, and they capture middle earth in a very poorly done way. The game is 90% combat driven, when middle earth is not about that at all. It's as if they took Peter Jacksons vision of middle earth that worked well for movie form, and tried to mix the book style in there. And it doesn't work. If the setting were anything like LOTRO, I'd be hooked. But since LOTRO spoiled me with it's excellent style and lore, I can't play this game.
Think about it, an RPG, made by the guys that did Champions of Norrath, set in Middle Earth, based off of the books. Should be great. But it has it's missed potential.
Why are an elf, a man, and a dwarf partied up? You don't get to know.
Why would an elf, a man and a dwarf party up? Logically, they wouldn't. But they need racial diversity in middle earth apparently. I was expecting a hobbit bounder as the 4th party member at this rate.
And whats with the mage? Her spell casting animation is atrocious looking! And why is the elf a mage? WHY GOD.
Everything that sets Tolkeins world apart from other generic fantasy video game settings is diminishing. Because everything in this game lacks style, and culture that exists in middle earth. It's now a generic fantasy setting, loaded with constant slaying of monsters, and mages. I haven't seen a classic setting butchered this bad since The Force Unleashed tried to prequelize the original series.
As far as the RPG and combat mechanics go? They're alright I suppose. The combat gets boring fast, and there will be many times where you swing at nothing. Also, there are invisible walls all over the place. RPG mechanics? Eh, theres a pretty decent loot system and the RPG elements are alright.
Oh, and the dialogue is boring. Oh so boring.