I just looked that up on youtube. It seems like its kinda fake to me, but if its real, its good.
Yeah, lotro is pretty good. I've only played wow to lvl 29, but I'd say it is kinda similar to that. It isn't as flashy with the attacks, and the classes are more specialized than in wow, but it is good. I'd say it has a better UI and a better plot of course.
The pvp probably isn't as good, but its decent. I think you have to get to lvl 50 now to get into the pvp region. It used to be 40, but now the expansion lets you lvl to 60 instead of 50, so yeah. You fight against monster players that start out at lvl 60, but they're kind of crappy lvl 60's until they get some upgrades, and they can't leave the region.
If you're into lotr, you'll probably like it.