"Amazing Story Matched by an Amazing Performance!"
In a way, yes. Many people have a problem reading the print version because Tolkein loves to use very long descriptions and histories along with a very liberal use of songs and poems. These suit an audio version, where the listener can just sit back and soak in the atmosphere created by the vivid descriptions, or enjoy the songs actually sung by the narrator. The voices are also a treat.
The format of the book also suits a voiced narrator as Tolkein writes in the format of a story teller telling you a tale of a world bigger than the books.
The scale of the story is so epic yet personal. And having just listened to The Hobbit, the many references make the world feel so alive and real.
As someone who watched the films before listening/reading the books, I can appreciate the care that both writer and director put in in creating this world in print and in film. Amazing!