Read the press release here!
It looks like it'll use a new system, but apart from that there's not much to be gleaned from the press release. Apart from the name, which is The One Ring: The Lord of the Rings® Role-playing Game, complete with an awkward ® screwing things up.
Still, I'm looking forward learning more about the game, and the inevitable discussions about whether a LOTR RPG will have the power to wrest customers from the almighty juggernaut that is D&D:
One Game to rule them all
One Game to find them
One Game to bring them all
and in the darkness bind them
In the land of Renton where the shadows lie.
Nah, kidding. I play D&D4e, and it's great fun. I hope The One Ring: The Lord of the Rings® Role-playing Game can be great fun as well.