A new RPG set in the LotR world, called "The One Ring".

And I'm not psychic, just read this : http://www.gioconomicon.net/modules.php?name=News&file=article&sid=5270 (and thanks to google for the translation)

There's a chance I misunderstood, and it's not FFG who are making it. If there's any native Italian here, please help.

That would appear to be Sopisticated Games and Cubicle 7.

http://www.cubicle-7.com/News/TORannounce.htm

Even though the guys who were involved with Age of Conan and War of the Ring for Nexus are in the frame, it would seem that FFG are not.