It's been crappy here also. We had wave 2 of the 30th figs here at both Walmart and Target in December but then Target stopped being restocked and Walmart, after having empty pegs for a few weeks, removed them.
One case of wave 4 showed up at Walmart while they didn't have pegs for them, and quickly sold through. Target never stocked wave 3 even though they had empty pegs.
Walmart reset in late January and added 4 pegs back in but didn't stock anything. Target stocked 1 case of wave 4 on Valentine's Day and then again Tuesday. Walmart has reset again, for the Avengers stock, and increased to 8 pegs, all empty.
So, it's been ******. I really have no explanation for all the empty pegs in town and why neither store had any stock for 2 to 3 months. All I can think of is that Hasbro reduced production, possibly in anticipation of the movie line, or they royally screwed something up on the manufacturing end. After hearing about the troubles Hasbro had on the Transformers line I'm wondering if maybe they did have some problems and we just don't know about it. It would be awesome to corner one of the Joe team members from Hasbro and ask, but you never know what kind of answer you might get.
I guess it's also possible that the retailers didn't order anything from Hasbro, for various reasons, but I find that harder to believe because why would a retailer want empty peg space in their toy aisle during the Christmas shopping season? For that reason alone, it seems like wave 3 and 4 should have been out in force.