Well, I’ve been willing to put up with Jackson’s changes to date, I understand the reasons for most of them, and there’s not going to be a “better” film version in my lifetime. I wouldn’t have made some of the choices he did, but I wasn’t asked.
Assuming this rumor is true, I think it is a logical consequence of leaving the Saruman/Gandalf confrontation out of THE TWO TOWERS. I wondered, after seeing TWO TOWERS, how in the world they would pack everything into RETURN OF THE KING that they need to. So, it’s disappointing, but not inconsistent.
I think we need to recognize that the theatrical versions are abridged, and that the extended DVD is the “real” movie.
On the cloak of many colors: Yes, I thought that was a wonderful bit and was sorry to see it gone, but I understand why. In the book, JRR can say that the cloak looked white, until Gandalf got close and saw it was many-colored. The reader can vaguely imagine such a thing. But a film has to actually show something as having a different colored-look from different angles, and I can’t conceive how they would pull that off without looking cheesy.
I don’t know how Pippin will get the palantir, of course, of whether he will. But after FELLOWSHIP, when they didn’t get the weapons from barrow-wight, I wondered how Merry will stab the Nazgul without the elder-blade? As I say, I’m happy enough with the overall that I’m willing to wait and see without grumping about it.
On Frodo: again, we’ll have to see. Peter Jackson obviously loves the books, he’s making changes that are necessary for a movie (being different from a book.) Once the ring is destroyed and Sauron defeated, you’ve got about five to seven minutes of audience attention. That’s just not enough time to crown Aragorn, find the white tree, journey back to the Shire, scour the Shire, live in angst for several years, have Sam marry Rosie, and have the cast take off for the West. We may deplore that audiences are so conditioned – the movie ends with the defeat of the villain. Period. Anything after that (other than the romantic kiss, or riding off into the sunset, or whatever) is anticlimactic and (by definition) boring. That’s the expectation, and we’re stuck with it.