I'm not sure if it's still being shown in theaters at this point, but a few weeks ago I went and saw "The Lord of the Rings the Return of the King" for its 20th Anniversary on the big screen. It was definitely an awesome and worthwhile experience! especially since I had never seen it in theaters (I was four or five when it came out). They really did a nice job of "remastering" it, but its more of a nice polish. Don't worry I think the actual 20th anniversary is in December. Also I'm not sure if anyone noticed, but that means Two Towers turned 20 last December and Fellowship is now 22 years old. Not to making anyone feel old or anything XD.
Anyway, I think the story and characters of Lord of the Rings (books and movies) are definitely timeless, and a continuous source of inspiration for virtue.