The thing that's got me interested is the entrance of Gandalf (I presume.) Dropped in from the heavens like an alien, found in a smoldering crater, clearly baffled by up-close Arda, can't speak "the" language, mystified by corporeal-ness, almost simian. The writers had enough of a clue to see the opportunity in making Gandalf's backstory a meaningful subplot, so they're developing it with some care, and that's pretty cool.
Also, the Elves aren't perfect, one dimensional beings it total harmony with all things. You've got politics, cowardice, rebellion and other stuff there. Morfydd Clark's Galadriel is ok. Reserving the benefit of the doubt there because there is a long way to go and it's a huge part for any actor.
Finally, Owain Arthur's Durin in Khazad-dûm was well acted (if not entirely well written at points.) Very memorable.
I think people are expecting a life changing experience from TRoP and aren't getting it, or something. It's just more streaming TV, and far from the worst of that. House of the Dragon is ok too, but one nice thing with TRoP is the absence of soft porn and disturbing torture scenes. That stuff is fine for HotD but it's also good to see story telling that won't resort to that.