I don't think there was any archaeology done in ME, with the possible exception of the "good guys" digging in the ruins of Thangorodrim and Barad-dur after their respective falls.
However, there's lots of room for "what ifs". What if the Belegaer evaporated? What would people find on the grounds of Beleriand and Numenor?
And Rivendell could boast a hoard of ancient items.
Maybe you could write about what people of today would discover if they fell upon Middle-Earthian objects? (eg choose some famous things that, once found, would open a world of ME to the archaeologists - like, f.ex., an Elven cloak would tell people that the Elves were skilled in crafts, secretive, probably other stuff).
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You passed from under darkened dome, you enter now the secret land. - Take me to Finrod's fabled home!... ~ Finrod: The Rock Opera
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