I agree that there is, or will be in the near future, an increase of fantasy movies, though I doubt there will be a movie with as much passion and love put into it as LOTR. LOTR made so much money, and ROTK won so many awards, studios would be stupid to ignore these types of movies. Not to mention all the merchandise.
The HP movie, and Series of Unfortunate Events, are both far removed from the vision I got when reading the books. I read the books before seeing the movie, a personal habbit of mine, and I was disappointed when I did see the movie. With LOTR, I felt like I was at home, where somebody had moved the furniture around for the Christmas tree, but it was still home.
The fantasy trend in movies comes and goes, especially when people are looking for an escape. It will fade eventually, but I don't think this particular trend would have ever grown this large without LOTR success.
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