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Originally Posted by Mister Underhill
I've known a dragon-lady or two, and seen a pint-sized Kimodo dragon or three at the zoo, but if Tolkien-esque dragons are still around, they're doing a pretty good job of keeping it on the down-low. What good is it to be the last man standing if you have to hide out at the root of some mountain or other? I'd say it's a push here in the present day.
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Well, isn't there the possibility that hobbits are hanging out in their smials, hiding from the Big Folk, still? And I seem to recall Mithadan once arguing that at least some elves stayed behind and made it into the Fourth Age, in addition to the sons of Elrond.
I'd say the good would be the potential for more stories--and that's a good I'm sure Tolkien wouldn't resist.