All the lying aside, I have to say I loved the books and hated the movies. I refused to see the third one, even.
I didn't think they were particularly true to the books, not in what they cut—which was unavoidable—but in what they unnecessarily changed. A lot of that, as far as I recall at this late date, was in making the characters shallower, or changing their basic natures entirely. Also, the voiceover at the beginning of Fellowship was totally unnecessary, and completely clunky.
I have totally lost my faith in Peter Jackson.
As for the lying, don't you hate when that happens?