Spuffy's Thoughts:
#1 Most Important: Coronation Eowyn is the best figure TB has ever made. She's perfect, and that Faramir is nothing to sneeze at, either. She's perfect for an Edoras White Dress custom, and I look forward to her the most.
#2: SP Boromir. The 2nd best fig TB has ever done. I've been waiting for him for years, ever since the so-so first Boromir.
The Fell Beast: I needed the laugh. Still, I'll probably buy one.
Roto Attack Troll: What this series was meant to be. Fantastic.
WAVE THREE:
Ringwraith - A smart repack. I would have prefered a new one, but oh well.
Coronation Gimli - I really like him. Looks very regal and about time we got a new Gimli for goodness sake.
Uruk-Hai Warrior - He looks great, but WHERE IS THE HELMET?!? Sigh.
Queen Arwen - She looks great, but the reuse of Galadriel's body is curious, especially when they lavished on the coronation Eowyn. Not that I'm complaining, mind you.
Gollum - I didn't buy the SP one so I'll get him.
Shelob - A bit too small, but no big complaints here. She looks great.
Isengard Orc - Never have enough orcs.
Gamling - Turned out good. Just what I expected.
Aragorn - Obviously a stand in.
Armored Boromir - I hope this is a stand in. He disappoints if not. The Coronation Faramir is actually more accurate to Boromir's armor, so I'm thinking this isn't final at al.
Frodo - Another stand in. Better be.
Birthday Bilbo - For some reason he looks like Joe Pesci instead of Ian Holm. Hmm. Doesn't interest me in the slightest.
Elendil - He looks great. Needs bit more of a beard.
Elrond in Robes - One of the best TB has ever done. Magnificent.
Gil-Galad - Can't say I wanted him, but bring him on. Looks good.
Moria Archer - Another world class figure. He's perfect. MUST HAVE.
WAVE FOUR:
Mt. Doom Frodo: Stand in.
Prologue Smeagol - He's great. I love the smirk.
Gorbag - He's really cool. I love the detail on many of these figures, just outstanding in every way.
Denethor - I love the sourpuss look. Great figure.
Gondorian Guard - Great figure. I'll get two, but we still need the regulars of course.
Legolas - Umm. More money for me.
Isengard Orc Capt. - Orc Brute surfaces. Cool, but not high on my list.
Theodred - I thought he would be a very simple Eomer swap ala Gamling, but he appears all new. Kudos to TB.
Samwise - Stand in central.
Shagrat - I love the Uruks, and he's awesome.
PJ Hobbit - The nicest surprise and most troubling development. When they mean chase, do they mean TW Frodo chase? This will make a lot of people unhappy if he proves impossible to find.