...However there's a engine that allows you to play the first part of the game and features partial support for this one. The original author, Michal Benes wrote it for *NIX based machines but it can be compiled in MacOS and theoretically Windows too.
Check it here:
http://www.karlin.mff.cuni.cz/~benes/lotr/
The idea of a fan-made 3rd part wouldn't be too far-fetched provided we would have the engine developed a bit more.