I agree and I think all the issues I personally had with the film were related to the editing and the pacing, even though I did enjoy it overall.
It's funny you should mention LotR, because I personally feel that a 3.5 hour extended version would fix a lot of the problems with pivotal scenes not being given enough explanation and other key scenes being cut. Even though they did well to squeeze a lot of stuff into 2hr45, it did often feel too rushed.
Sadly, Denis has said or more than one occasion that he doesn't do alternative cuts of his films, so we'll just have to make do with what we've got.
It seems like Israel don't just take their military equipment from the U.S. but also their treatment of non-combatants. Abu Ghraib, anyone?