This is all your opinion.
I don´t understand all the arguing going on?
A - It is not LotR related, it simply uses the names. Period.
B- It is a created story which pretends to be the origin of the rings. Bear that in mind and move on.
C- Either you like it, or you do not. Tastes are like colors...
D- Integration is done in a rather silly way .Yes, but since it is not real LotR.. who cares.
That´s all, really...
I personally find the show to be good, far better than I expected. 8/10 so far for me (being aware of A-B-C-D)