Have you ever seen The Frighteners? I thought that movie was fantastic (I know that it was critically panned, though). I definitely liked some aspects of The Lord of the Rings, and felt he nailed them...but there were a lot of things he didn't do wrong, he did completely contrary to the books.
Who knows what will happen with King Kong? Since the others featured new NY skyscrapers (the movies were practically advertisements for the Empire State Building and the World Trade Center), why didn't they wait until the new World Trade Center buildings were finished?