http://www.thehuntforgollum.com/
The script is adapted from elements of the appendices of The Lord of the Rings. The story follows the Heir of Isildur; the "greatest huntsman and traveller in Middle Earth" as he sets out to find the creature Gollum. The creature must be found to discover the truth about the Ring, and to protect the future Ringbearer.
Check out the trailer, they've done a good job of making it look like the budget is higher than it is.