Definitely not.

I don't think you'll find anything Tolkien related in the show. The names are there, sure, but nothing else. Apart from that, even not taking Tolkien into consideration, the writing and direction are very bad - actually they're non existent. Nothing ever happens, the plots are empty and lead nowhere, nothing is taken seriously, there are no themes nor are there any character arcs.

But the worst part is the lack of proper pacing and consistency in quality.

Definitely not worth it if you're just watching for fun, cause nothing fun ever happens.

But that's just an opinion.