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The dh > ð change we've been implementing was certainly not intended to create a more archaic feel (one of our principles is that personal aesthetic considerations are not to enter into our decisions). Rather, it was motivated by Tolkien's (rather late) apparent decision to use 'ð' rather than 'dh'. (I must admit I never got around to researching whether this was indeed his latest idea, but we had been assuming it was).
You raise a good point, though: 'dh' is used throughout The Lord of the Rings. A similar case is that of 'Orc' vs. 'Ork'; Tolkien's decision to spell it with a 'k' was not taken up by our project because throughout LotR it is spelled with a 'c'. I think the 'dh' issue is the same, and we must revert to 'Maedhros', etc.
Incidentally, it's a little odd that Tolkien apparently decided on a general change of 'dh' to 'ð' but not of 'th' to 'þ', isn't it? Thus we see 'Pengoloð', etc., but never, for example, 'Þingol'.
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