I just watched the third episode and the show started to pick up. Numenor and Elendil were great, I really enjoy Elronds plotline. My least liked plotline is the love story of the Elf, the village woman and his(?) child, just doesn't feel earned, or even plausible, I don't know. Maybe if we saw how it came to be, I would be more up for it.
Some random thoughts:
-One of the plotlines seems to be that everyone will end up working on the rings together - Elendils daughter, Halbrand, Dwarves and Celebrimbor... After the great forge project is complete.
-Halbrand could be the Witch King - he helps to forge the rings, gets one because he is the king of southlands, gets corrupted etc. OR another thought - he is the King of the Dead cursed by Isildur for betraying him. I just don't think it is a redemption story, would be too much like Aragorn lite.
-Will Elrond "steal" the idea of dwarves to talk to stone to start talking with trees for crafting purposes? (I remember I read about it ~20 years ago, so don't remember all the details well, and even if the timeline adds up).
-While the meteor man seems like Gandalf, I agree it could be a misdirection. However I really don't think its Sauron or Saruman. If he is Gandalf after all, I wouldn't like it, because it overexplains why Gandalf has a liking to hobbits. I don't like when everything adds up too nicely in stories.
Glad to be in middle earth again, even though I have my hang-ups about the series.