Both the older and newer German translations are still in print, though the publisher makes it difficult for newcomers to buy the (better) older one - no paperback version, no movie covers, just a rather plain hardback that costs a good deal more. Fans go to the trouble (and cost!) of buying it, but those who were introduced to LotR by the movies or lack the financial means have little choice.
However, there's no way either could be considered even close to equal with the original. The depth of language used by Tolkien will never be entirely translatable.
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'Mercy!' cried Gandalf. 'If the giving of information is to be the cure of your inquisitiveness, I shall spend all the rest of my days in answering you. What more do you want to know?' 'The whole history of Middle-earth.. .'
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