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Will the new revisions to Dungeons &Dragons 5E affect the D&D Basic Rules and the System Reference Document (SRD)? And how might that impact The Lord of the Rings Roleplaying? Do we have any idea yet?

I think the changes will be minimal. The new rules set appears to have a large bulk of changes in character creation -- for example, stat bonuses will be a part of the background instead of ancestry/race. LotRR doesn't need to change at all, since this game is pretty much self-contained and doesn't rely on a player looking something up in a WotC book.

Later editions of LotRR may feature some slight adjustments if the revised rules contain anything interesting. For example, in the new PH drinking a healing potion becomes a bonus action instead of a regular action. Again, minimal and may have negligible effect on a LotRR campaign.