I was 5 when Fellowship came out, so you’d be correctYou are being subjective.
You must not have watched the first two LOTR movies then until the third came out.
Plus all 3 movies were filmed within the same year, no?
The point being, from what has been said, this was clearly designed to be a two part movie, with the second part being unconfirmed. They probably haven’t even started filming it. If the second part never gets made this’ll be nothing but a pretty looking spectacle.