I mean I agree that the Hobbit films are drivel but the LOTR trilogy is just amazing. It has a twinge of 90s affect that you have to ignore (similar to how the original Star Wars trilogy has a 60s-pulp-adventure feel that is rather dated now). And there are a bunch of discrete problems (the ghosts, the "cool legolas moves", too much slow motion) that we roll our eyes at. But otherwise they work, overall, and very much deliver on the premise. The information is delivered differently than the books but it gets at the heart of the universe anyway... imo.
Obvs. my take is offbeat because the films were a massive commercial success and the Academy showered them with awards.