Only an balrog could object to an revised 50th anniversary edition, with corrections beyond those in the the standard revised version. BUT...
This edition is *not* "leather bound:" it's a less-than-ordinary hardcover binding with paper-thin faux-leather glued over paper boards. The bookmark ribbon breaks the binding. Signatures are glued rather than sewn together, not held together by the 'leather', but glued onto the paper end sheets, which are separated from the paper spine. Poor production generally: end papers badly centred, more than a little random glue and rubber cement on the covers that really mars the appearance. [See annotated Customer Image #2]. Reviewers elsewhere have commented on uneven type quality; this 2nd printing does not have that problem.
It's an OK one-volume edition, given the revisions. *Not* a 'collectible', definitely not worth the CDN$86 list, barely worth the discounted $56 given the disappointment factor. Don't give this as a gift to a Tolkien fan, expecting rapture. I kept mine for the revisions, first-time readers look elsewhere.
Amazon: please *stop* advertising this edition as 'leather bound': it is *serious* misrepresentation of the product.