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Will Lord of the Rings have comparable impact as Star Wars? The same impact, no, but comparable, yes. LOTR is the SW of the early 21st century: the huge dream project that revolutionizes filmmaking and develops a huge fan base.
Which, I think LOTR are far superior to SW as movies (the original trilogy; don't even mention the new one in the same sentence as LOTR): better script, better directing, better acting, and of course a much better story.
But SW is literally a cultural icon now. Will LOTR achieve that status? I doubt it. The Hobbit's release will get everyone excited and on the M-E bandwagon again, for a while. But I don't think it ends up with a Star Wars type impact.
BTW, this is totally my dream, and completely implausible, but I want to make Silmarillion films. I want to make Beren and Luthien, Children of Hurin, and others. I think that if a director with enough vision could make Sil films (probably not PJ), it could be another film watershed. It would be high myth and romance on the screen, something that, to my knowledge, has never happened. It would essentially create a new film genre.
Don't know if any of that makes sense. Ah, never mind, I'll just make them myself. Look out for BEREN AND LUTHIEN, premiering in, oh, say 2031.
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"If you're referring to the incident with the dragon, I was barely involved. All I did was give your uncle a little nudge out of the door."
THE HOBBIT - IT'S COMING
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