According to Tolkien, the Elves took thought and (with a disguised Sauron's assistance) conceived of the Rings of Power. This guy, on the other hand, took thought and (all on his own, no disgraced Maia, no nothing) came up with this.
Warning: It takes longer to get through than the original Council of Elrond, but boy is it worth it.
Update 3/8/07: I was extremely remiss in not tipping the hat to fellow blogger and frequent commenter John Condray as the source of that link. My apologies.