No. I do not think that the Lord of the Rings Trilogy holds up. The strongest entry is Frellowship of the Rings, in my opinion. But a reboot? Another movie, or series of films? I'm not sure what that could accomplish that Peter Jackson hasn't, already. There could be a more literally faithful version of LOTR, certainly. But ... that would be the only difference and it would be so minor that it would hardly make the effort of making it worthwhile. What should happen is a condensed, combined version of the LOTR trilogy that's already out there. Make it a single, 3 hour-long movie, or so. Otherwise, I fail to find the point of revisiting this classic, in movie form.