The 1st episode was almost enough to make me give up entirely because it was so mundane and boring but since then I think there's been improvement. Episodes 2, 3 & 4 at least kept my attention mostly. RoP has definitely not been particularly well put together but this is not made for TV source material, so I try and keep an open mind.
Something is just off about the acting. All the Elves suck. The woman playing Galadriel is trying but has zero chemistry with anyone she's appeared with. Elrond's dumbass haircut is bothering me. The dwarven aristocracy and the halflings harfoot hobbit whatever we're calling them now plot trees are at least endearing. Isildor is the underachieving homie.
Sad maybe to admit that I don't really care that it's not good in the same way I've been numb to a lot of other big name IPs putting out mediocre material. Star Wars, Marvel, every other "universe" Hollywood(Disney) is forcing on us has made some shallow aesthetic slop too. I've seen enough to lower my expectations on these things, there's much more important problems for me to focus on
Content has become so commodified that little of it is made with the same cinematic passion of yesteryear.