Movie remakes?

[Knight of Gondor]

I was discussing this idea with my brother and sister over some pizza this evening. My brother commented that the youngsters (teens, probably, mostly) that are being wowed by Lord of the Rings on the big screen are invididually jotting down ideas for how they would improve on Jackson's adaptation. More accurate book-to-movie translations, more accurate-looking characters, whatever. We all agreed that even with the advent of newer special effects, none could match up our beloved trilogy.

Do you think they would try to remake Lord of the Rings twenty, thirty years down the road? Do you think they could improve it at all? In my opinion, even if they did, they would concentrate solely on special effects to make it look better -- losing all of the emotional feeling that worked so well for New Line's version.

What would you want to "one-up" on, if you were involved?