Delightful! My husband is reading LOTR for the first time, and I think it will help him keep some of the details straight. He, like many, believes that dumping Bombadil was a good move.
I do have a little gripe with how they elevated Arwen to a "player"--she was supposed to be Mysterious and Unattainable--Aragorn's eventual trophy bride. But, I can see the need for a little romance and another female character.
The landscape was breathtaking, many of the characters an exact match for my imagination (Bilbo, for instance, and Legolas)
Arwen has to have a bigger part so Aragorn won't look like a total jerk in that Eowyn business.
Poor Glorfindel. Bakshi, as I recall, replaced him with Legolas, and now Jackson with Arwen. Ah well, the life of a minor character.
And this last thought: thank God at least that Jackson rejected the (noisome, noxious) suggestion that he "make" one of the Fellowship a woman, just to "update" things.
Dan