My 2¢:
Not well, considering that I started reading it twice, and gave up both times, after getting tired of trying to wade through it.
I’d rather see a short feature of Farmer Giles of Ham, or The adventures of Tom Bombadil. Even Smith of Wootton Major would be preferable.
Smith of Wootton Major was a favorite of mine as a child. It had that same sense of wonder and innocence I associate with (to a lesser extent) The Hobbit. Always preferred that to the LOTR’s epic struggle theme.