Started reading The Children of Hurin, and so far I'm liking it.
Back when I read the Silmarillion for the second time (sometime in the late 90's), I thought that the 1st Age of Middle Earth would actually make for a better D&D setting than the 3rd Age (when Hobbit/LOTR, and MERP are set).
Giant elven kingdoms with some human regions, dwarves in great mountain fastnesses, and lurking to the north, Morgoth in Angband under Thangorodrim.
Everything just seems bigger and more heroic in the Silmarillion, and I think D&D's more flashy spells and magic items and high level characters would work better in this age. Plus, Morgoth has all the monsters Sauron had (orcs, trolls, spiders--although nothing like the Nazgul are mentioned), plus werewolves and vampires, dragons, balrogs...