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This is (or was) an interesting thread, and three years later I'd like to respond to the question Davem was exploring - shall I read CoH again? Absolutely!
It is, by far, my favourite work by Tolkien, I think exactly for the reasons that have been discussed in this topic: its apparent applicability, the sense of a distinct non-, or anti-providence, the immanence of menace incarnated in Morgoth, and, I think, the unanswered questions.
It is tempting to answer Turin's question: What is fate?, or his agnosticism regarding the Valar, and his apparent ignorance (indeed, everyone's apparent ignorache) concerning an all powerful creator God, with recourse to The Lord of the Rings, of "Quendi and Eldar", or "Ainulindale" or some other extraneous text. But I think this is a mistake. I have no evidence to support my claim, but I'm not entirely certain that Tolkien wouldh've recommended such a reading either. Just remember, in the chapter "The Words of Hurin and Morgoth", the last words a given to Morgoth, not to Hurin's hopefully "estel" like pronouncements. Morgoth rebukes Hurin's "Elvish lore" by stating emphatically that "you shall see and you shall confess that I do not lie". I wouldn't go so far as to say that Morgoth is actually speaking truthfully; clearly the Valar do intervene eventually, and yet; their actions, and the actions (or non actions) of a supposedly good and benevolent God (Eru) leave something to be desired. I think CoH is cheapened if it is merely perceived as a part of a greater story; no, it is so powerful, so forceful, too grandiosely tragic, that it accumulates meaning that does not, even tangentially, support the "thesis" of ultimate eucatastrophe in the world. The cost is so stunning, and the ignorance of the "gods" so complete, that we are left with little choice but to embrace the story on its own terms.
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