These clever recuts are reminiscent of Grendal, which tells the epic of Beowulf through the eyes of the monster. This video got me thinking a complete retelling of the Lord of the Rings through the perspective of Sauron, Saruman and the orcs would be interesting.
Russian author Kirill Yeskov thought so too and beat me to the punch. For years his novel The Last Ringbearer wasn't available in English due to fear of reprisal from Tolkien's estate. But with the rise of e-books, that's no longer an obstacle.
So who are the real villains of Middle Earth?