I share Mithadan's scepticism about the real value of the expansion--this is very late going in the publication of Tolkien's original works, and I fully expect that anything "new" is going to be on the order of the nuggets in The Nature of Middle-earth.
But I was still glad to get The Nature of Middle-earth, and a fuller Letters (or a supplement, or a volume II) has been something I've wanted since about 2000, when I read the original volume for the first time and realised they hadn't published them ALL. So I'm excited, but in a very realistic way--I know I'll be spending 40 or 50 dollars on a hardcover with three-to-five minorly interesting tidbits in it.
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I prefer history, true or feigned.
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