For an adaptation that notably needs to deviate from Tolkein's personal ideologies and philosophies, they are doing great. They are keeping to the core story of the Second Age while enhancing it for today's viewership. Those who only have the Jackson trilogies to reference, this isn't that. Those were great, and those were loved, but this is the dawn of a new era for Middle Earth, so be open minded.
The visuals are stunning even those CGI ones (reference HotD on HBO if you want a bad CGI comparison), the acting is superb, pacing can feel a bit slow but what show isn't when you spend many of the first episodes building character arcs and overall story?
This show is well done, fun to watch, and if you really enjoy the Tolkein universe, only going to get better. Sky's the limit here and I see lots of potential on the horizon behind the trees Morgoth destroyed 😊