Lord of the Rings Online - Introduction to Crafting @ Official Site

Turbine has outlined crafting in LotRO in a new dev diary at the official site:

Ever since we published Lead System Designer Nik Davidson’s Developer Diary on the origins of LOTRO’s Crafting System, the crafters of the community have eagerly awaited more details. In our second Developer Diary we introduced the concept of Professions and Vocations, and covered a little more ground. It’s time to bring our crafters the next installment! Here’s a basic overview of the system, including details on how to get started in your crafting career.