Hey Shambles, when you say you "dimly remember Tolkien gigging in the 1930's"...how old are you anyway?I checked out the website. It sure is gimmicky and slow-loading, has some nice graphics--the "evolution" of the hobbit hole--and is messy and confusing to navigate, and lacks hard info.
Looks like another special effects extravaganza, with lots of spectacular New Zealand-as Middle-Earth scenery.
Its a wait-and-see thing. But I don't think they can compress the whole story into one feature-length movie without losing a lot of the book's appeal. (And if they do, it's going to be one hard-to-follow movie!)
Will Bombadil