I prefer when they all speak in a thick Austrian accented English myself :) . I find it a little jarring when the accents differ amongst the actors ,and the characters should have similar ones, Like Frodo's being so different to everyone else in the village. And damn right, everyone spoke in olde English in the past, you should know that :)

Of course I'm prepared to believe in flying men that can bounce bullets, so its weird what jars each persons sense of disbelief.