I have to disagree on two points, Viropher...
the films definately have artistic merit, methinks. ESPECIALLY when compared to other fimls of our time! *cough Episode 2 cough* Tolkien is perhaps the most "merited" art even turned into an action movie!
The music is by no means "woeful" and indeed is entirely fitting to a Tolkien movie! While I can see you not liking it, I hardly think it's "woeful".
Acting... well, I agree and disagree with you.
some of the charaters are very well done. Gollum, Gandalf, and Gimli are all acted superbly. (Gimli was really reduced to comic relief, which is a shame, but he was still well acted.) Galadriel too was done flawlessly. Frodo, on the other hand, seems to be trying his hardest to look cute, not tortured.
As for dull, I think that FoTR was VERY exciting. TT had far less excitement in it, although what little it did have was nice.
And, for the Record: FARAMIR SUCKED!