Once the Council is called, it's all open for us to interpret. Do we want to head for the Misty Mountains or cut through the Pass of Rohan. Do we want to make an alliance with the Rohirrim or leave them behind to deal with Saruman themselves? Will we make a covert move into Mordor, or will we attempt to move in with an army at our backs and make that final push towards Mount Doom? Will we just ride the eagles there, drop the ring into the volcano from the sky, and then have fun attacking Saruman (who has been studying Ring Lore and may make his own ring, thus completely taking us into whole new territory) and the remaining Wraiths as tehy attempt to strike back after the death of Sauron.
This seems like the funnest possible route. I would really love to be apart of the Fellowship and make the choices that I would rather they did in the movies.