Just finished Jonathon Strange and Mr. Norrell. Wonderful introduction to Susanna Clarke and I'm really anticipated to read The Hunger Games trilogy.
Starting Miyuki Miyabe's All She Was Worth tonight.
Also, the mid-section of The Two Towers was absolutely agony. How I got through that when I was 15 I will never know. The Hobbit owns, however, but it's a totally different kind of literature. Thankfully, The Hobbit can be read in a day, and its pages are filled with wonderful charm and adventure, something Lord of the Rings' books failed to deliver by emphasizing menial details that really don't add to the world much beyond minutiae.
That said, I'll give the books a point for particular sections. The Two Towers ending was fantastic, and a fine example of a cliff hanger. It ends with Frodo taken by Shelob, with Sam actively going to take up Frodo's mantle as ring bearer with the idea that Frodo was dead. Putting that section into Return of the King's film was a huge mistake, I think.