The idea is simple. Everyone was going to do it. Just because this edit is first doesn't mean others won't follow.
I'm hoping for a lossless edit sourced from the Blu-Rays. My hope would be the whole trilogy in 3.00 hours or less, but without watching the movies I don't know if that's possible. The theoretical maximum for the 3 movies on Blu-Ray would be around 150 GB. Probably less. From there people can make compressed copies. It's even theoretically possible to generate an FFmpeg script that makes the edit on your own computer, as long as you back up each movie yourself and fill it in for the script.
Basing the edit on the book doesn't make sense to me. If it's good filmmaking, keep it; if it gets in the way, cut it. But more power to them. If I were a fan of the book I'd probably feel differently.
I'm hoping for a lossless edit sourced from the Blu-Rays. My hope would be the whole trilogy in 3.00 hours or less, but without watching the movies I don't know if that's possible. The theoretical maximum for the 3 movies on Blu-Ray would be around 150 GB. Probably less. From there people can make compressed copies. It's even theoretically possible to generate an FFmpeg script that makes the edit on your own computer, as long as you back up each movie yourself and fill it in for the script.
Basing the edit on the book doesn't make sense to me. If it's good filmmaking, keep it; if it gets in the way, cut it. But more power to them. If I were a fan of the book I'd probably feel differently.