The Whitey team (including me) is making a Middle Earth Mod in the third age and tries to kick in the moment around the time where the fellowship is formed in the book/movie. We focus on SP as well as on MP. We will try to stay as close to the book as the engine allows us. We are going for a full mod with new map, units, castles, etc. The progress is already pretty far but not ready yet for a first real beta test.

Here is a screenshot from a testrun a few weeks ago.



As far from what I've seen from other modders is that everyone makes something different. The lion King mod for instance tries to make a LOTR mod without using a middle earth map. Other modders are aiming for battle maps for MP.