If you know that LOTR is the common abbreviation for "Lord of the Rings", then it may interest you to know that while it seems that "the Hobbit" won't hit theatres until sometime in 2011 or 2012, there is a Tolkien inspired fan based movie that has just been released on the web recently.
It's entitled: "The Hunt for Gollum" and takes place between the Hobbit and the Fellowship of the Ring. Quick synopsis, Strider (aka Aragorn) searches for Gollum.
The movie is about 40 minutes long, and while the budget was relatively small, it's pretty cool. I enjoyed it, but then I'm a LOTR fan.
If you're a fan go watch it. You can only view it online, currently at DailyMotion, although it appears that in the next little while it will be posted to other video sharing sites.
While it's not quite up to standards for New Line Cinemas, it is so much better then I had expected a fan based movie made not-for-profit for other fans of Tolkien.
Just for fun here's the link to the first LOTR movies.
I have found another Fan based LOTR movie here that I have not seen yet, although it looks great.