Thinking about it now, every Disney & Universal park in Orlando has a Dragon in some form.
MK in both parades, Epcot has Figment, DHS in Fantasmic!, AK in the logo and soon the Dragon like Banshees of Pandora, USF in Diagon Alley, and finally IoA in Hogsmeade. So if Uni gets the rights to LoTR and builds their third park, I still want to see Smaug
Let's not forget Smaug is very different from the Dragons of Harry Potter. Huge and intelligent. A ride where he's hunting you down would be great. Plus, imagine this being a scene in the ride like the Giant Squid in 20K at DisneySea.
Rivendell can always replace Lost Continent at IoA. Anyway, :topic: