Europe as Middle Earth. (For you LOTR fans).

[Feuer Frei!]

Originally Posted by Torplexed

Does this make the Americas Valinor? Could explain all the cheap elvish labor in the country lately.

Not sure, but, North America represents the Undying Lands.
Back on-topic, i missed a few:

Numenor is Bermuda,
Pelenor is Hainburg, Austria,
Cirith Ungol is Jazbereny, Hungary,
The watch tower at Amon Hen is Dresden, Germany,
The Dead Marshes is Prague, Czech Republic, and
The Pirate Port in Harad is Algiers, Algeria.