Well European countries still exist, USA exists, Russia exists, the world continents are pretty much the same and the Alamo happened etc. That's the problem with this universe. Everything kind of happened the same. I would love to see some differences in the history.

I always wanted to see the Hobbit or LOTR in modern times and see modern aged stuff with different species battling and stuff.

But in reality, alot would be different, different nations, religions, and differences in the meaning of racism between the 9 races

My thought exactly.

With so many sentient races living basically side by side there are bound to be differences.

Though it is mentioned that the Elven "Inferni" wiped out the Iluminati a century before the events of the movie. Which is one change at least.

Mankind are still divided largely but I think maybe the worst hostilities between for example Euro and Afro humans has to be a lot lesser as I believe the Orcs are the most hated race.