Universal already has a close working relationship with Peter Jackson (See: Kong), Warner Bros. (See: Potter), and Weta Workshop/Digital (founded by Peter Jackson). Sooo...If Universal does build a LOTR land, I hope to god it DOESN'T base it on any of the movies (especially the dreadful "Hobbit" flick). I hope Universal bases it on the books, and on The Hobbit in particular. I could see a Hobbit village in the park, with shops and an "inn" that serves Second Breakfast (i.e. brunch) and a Smaug's Mountain ride with a killer AA dragon. It's fun to think about...
And I pretty sure that the land would be called Middle Earth (instead of LotR land or The Hobbit land) and include both stories.
What they won't do is base it on the Amazon series, invent an entirely new never mentioned before location, and lock it into a singular time period that excludes all the popular characters.
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