Lord of The Rings (the game) executive producer Steve Gray announced the news during his presentation at the Movies And Games Summit. EA Los Angeles is working on the new game, still based on Peter Jackson's movie trilogy. Nothing else was mentioned, but could be a third installment in their successful RTS series The Battle For Middle Earth.
Battle for middel earth 2 looks awesome for 360 and is cool on pc. hope they make a 3rd one that would be a fun game.