Here's my list of what I want from the Fellowship Range. Because I am evil like that.
Galadriel in a different pose. Maybe just with her arms demurely folded, or just open (ala the cover of the MERP book Lorien). Not up in the air. Also a version on horseback. Also, without her hand in the air.
Celebrimbor defending the Halls of the Elven Smiths - from the Liz Danforth illustration in the above mentioned Lorien book. Cos its cool.
Female Range on horse.
Eomer on foot.
Elladan and Elrohir in Ranger garb. Mounted or on foot. Preferably both.
Haldir, Orophin and Rumil
Arwen NOT sewing something, or reaching for something, or moping.
Maybe a boxed set of the 13 dwarves would fit this idea, as I like the book Hobbit very much and the dwarves were never ever realized by any company. Maybe a boxed set would cost not so much, that it could be made as a fellowship special piece, but I would prefer it as a "normal" M-series box set or even as a special box set called: Heroes of Middle Earth not to harm any license guardians.