I wasn’t particularly thrilled by it, but found it an interesting mashup of the Peter Jackson LoTR universe (which itself is kind of a mutated version of the original Tolkien) and Japanese fantasy anime, with a definite fanfiction vibe.
It did take a while to get into the film; it still kind of weirds me out to hear ostensibly Middle-earth characters saying things that Tolkien didn’t actually write. But overall, I support the Middle-earth saga becoming a genuine folk epic, and that means reimaginings at all different levels of “authenticity” by different creators. Naturally, not all folk are going to like all of them.