Yeah, LOTR is a great read, but every 30-40 pages or so comes "and then they sang" or "and so he recited a poem of old" and right there is an automatic SKIP UNTIL THERE IS NO MORE ITALIC TEXT.
That picture always reminds me of some old joke title I read somewhere that was, "Tom Bombadil's Adventures in the Forest of Faggotry" or something.
In terms of Lord of the Rings... WHAT an awkward, out-of-place character. Beginning - drudging, leading to dark and deadly. Middle to end, save the meeting at Elrond's house - dark and deadly. And then you've got the oddness of Bombadil right smack halfway through the first book...
That picture is the easy response to any Tolkien die-hard who gets all pissed off over why Bombadil wasn't included in Jackson's films.