Quoted from ZenTron:I think LOTR VE is unlikely:
1 - JJP's license of The Hobbit most likely prevents this
2 - JJP would sue/seek legal action
3 - LOTR was rereleased in 2009 as a LE edition.
I would lean towards Tron & SM but Tron having the lead.
Licensing for Lord of the Rings would be a separate entity from The Hobbit, wouldn't it (I have no clue on that stuff)? From a business perspective, I could see Stern re-releasing LOTR just a few weeks before The Hobbit's released.