Not as good as the books, but pretty freaking close. Jackson has one major flaw that, as an English major, I can't quite forgive. But overall, very enjoyable. The trilogy, as a whole, definitely falls in my top 5 flicks of all time.
As much as I love Aragorn and Arwen, I felt horrible for Eowyn. But all's well that ends well ... She marries Faramir, who becomes Steward of Gondor during King Elessar Telcontar (Aragorn) of Gondor's rule.