The Annoying Hobbit

[Eruanna]

The Hobbit is a wonderful book in its own right and although it seems much lighter in tone than the LotR, I do not believe it should be dismissed as a children's book.
The story of Bilbo's journey 'There and Back Again' is told in a fairy tale style, but has at its heart a deeper, darker meaning. Bilbo meets all manner of cruel and twisted 'monsters', even some of the elves are a threat and we are in no doubt that in his riddling contest with Gollum, his very life is at stake.
It could be argued that many children's tales have a 'dark heart'; those of the Brothers Grimm come to mind.
However, Bilbo's journey is one he experiences both externally and internally. He is a much changed hobbit at the end of his adventure than the quite complacent little person we met at the beginning.

Lalwendë said:

I think it does help if The Hobbit is the first of the books any new reader approaches, purely because LotR is such a monster of a book that it would overshadow anything.

This is true. However, reading 'The Hobbit' first also prepares us for the world and the story of 'The Lord of the Rings' just as Bilbo's adventure prepares Frodo for his adventures to follow.