As a Ringer, I must disagree strongly.
The Fellowship of the Ring was (and still is) an amazing film.
It's a fantastic adaptation of a book: a very long, very epic book - one that you cannot just slice up and make shorter, as it would take away from the story!
I'm not even going to start talking about the acting, scenery, music, costume design, script, etc, etc.
The Lord of the Rings trilogy is beautiful.
Also: The Godfather is incredible.