Tolkien wouldn't have been okay with a new story written by our modern day writers tackling the issues of the day, injecting politics that are untrue to the nature of Middle-Earth in an effort to capitalize on the age of the cinematic universe. It might work for comic books, as that is the truer nature of serialized art work, but not the nature of a series of painstakingly crafted stories written by an academic over the course of his adult life. We fans are as fiercely protective of the legacy of Middle-Earth as Tolkien himself was.
I was not a fan of the Peter Jackson movies either, so this further devolution of the stories is absolute anathema. I don't care how people of today will judge my words, as my joy of cinema has waned over the years, as has my patience with end-game capitalism. Tolkien stopped writing new Middle-Earth stories because it becomes increasingly darker and more depressing the further from his novels you travel. He started to write a post-LOTR story and he saw no joy in doing so. Although this Amazon series is a footnote from an earlier age, it's not representative of the moral and ethical issues of its time.
I'm certain some assume me to be part of the racialist conservative mob on the right, but I am in fact a middle of the road sometimes liberal leaning moderate. I simply find it sad to listen to modern day Tolkien fans who have seen the movies first and then read the books and prefer the blockbuster violence of the cinematic world over the gentler, poetic stories of the written universe; the world of Tom Bombadil and Old Man Willow. That's the world of Tolkien I love. Not something which lends itself to crossovers into mass murdering video game grinds full of mind numbing CGI.