I think it was meant to be a sort of weak sequel to Lord of the Rings just as The Hobbit ended up being thought of as a slightly weak prequel (even though LotR was written after he wrote The Hobbit). Tolkien quickly discarded it, probably because he didn't have the energy to write another novel. I, for one, think it would make a rather interesting fan fic or RPG. It's got that nice element of mysterious darkness.
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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