You tell me...you are part of the crowd that is bitching about the studios being greedy and yet they seem to sell alot of these products that a large number of consumers (your words by the way) seem to bitch about...
Its like they want to whine about something but yet they still buy/watch/pirate it anyway...
Weird, huh???
Allow me to connect some dots for you.
While 120k moved copies may seem like a lot. It isn't. LoTR was arguably the most desired BR conversion to date. Jackson & his studio had a chance to hit a home run the first time and do it the right way and bring the extended cuts out. But they didn't. They went for the cash grab double dip and did the normal cuts and promised to release the extended later.
People weren't happy. And the online community spoke.
The DVD sales for the LoTR movies has approached close to 1 BILLION sales.
Avatar when released did close to 4 million copies on BR in it's first week release.
Beauty and the Beast on BR did 2 million in it's first week.
Sex and the City 2 did 210,000 in it's first week.
Back to the Future (for similar cost/triology) comparisons did 200k sales in it's first.
And you are telling me that 120k for LoTR was a success?
I think the voices of the displeased were certainly heard more than you think.