Couldn't disagree with you more. Every page in the Lord of the Rings is expertly crafted. In modern literature, we've been accustomed to fast-paced action adventures, but the Lord of the Rings is structured very differently and works largely because of that structure. To take out 200 pages would be to wreck the world-building, the character development, and the story itself. Admittedly, the books aren't for everyone, but I don't think that means they should have been slimmed.