For all it's worth, I rather thought Jackson did as well as possible on LOTR. Ok, some parts were skipped, and there was a lot of focus on the fighting, but this is the movie world, where the director is perhaps not the boss of everything he wants.
You can see this when looking at the extended versions, there is much more of nice little things in there.
Anyway, I've heard that the Hobbit is a likely project in nearfuture, and much of the LOTR crew and cast are in for the game!