Lord of the Rings Online is a quality game. I speak as someone that has played multiple MMO's over the years. Both from release and joining them when they have matured.
Yes, lotro has some issues with loging in at present but every other mmo ever released has been through teething troubles.
Lotro is similar to world of warcraft and if your after a faster pace mmo then thats probably where your money is better spent. However, if your burnt out on wow this is an excellent place to get your kicks. The graphics are excellent (better than wow in my humble opinion but its unfair to compaire this to a 2-3 year old game), the gameplay mechanics seem to be very well balanced and the crafting while being simple, also has depth.
There seems to be lots of moaning and groaning that this is a rip off of wow. Its not, no-one calls every rts that is released a clone of command and conquer yet the gameplay is very similar in that particular genre. Lotro plays similar to wow buti n all the right ways, it hasnt re-invented the wheel. Its taken what is good about wow and improved on the not so good.
As the title of this review says, judge lotro on its own merits. If you like the idea of "wow in middle earth" give it a go, you wont be disappointed.