Wasn’t aware of it until now. Big LotR fan from way back. Thought they did a great job with the LotR film trilogy, and The Hobbit films were abominable. Haven’t seen any of Rings of Power, because I suspect I’d hate it.
I have fond memories of the '77 animated Hobbit movie, as well as the (admittedly uneven) '78 Ralph Bakshi LotR film.
Not a big anime fan in general; in my opinion, animated films and television depend even more on good writing than live action does, and most animated material (anime or otherwise) has terrible writing.
All that (unnecessary context nobody asked for) aside, this looks interesting to me, and I might watch it at some point. It probably helps that I haven’t been overexposed to common anime tropes that might put off others.