I agree, Toybiz did a FANTASTIC job with their figures. I have a COMPLETE MIB collection and they did make figures for just about everyone in the LotR trilogy. The last two "Epic Trilogy" waves (waves 3 & 4 that never got released) were going to focus on stuff that WASN'T in the movies like a Barrow Wight & Tom Bombadil, as well as PJ Corsair, PJ Wildman, Birch Ent ... I mean some REALLY obscure stuff. They did release some real odd stuff as it was, like Prince Theodred, Hama, Gamling, Guritz, Gorbag, Elendil, Isildur, Gil Galad...
So, in my opinion, Toybiz really was the only truely successful line of Lord of the Rings toy product, Armies of Middle Earth second and then, *maybe* Lego LotR ***IF*** we get what's still missing.
But lets face it, when people think of LotR they think of the epic moments & battles. As far as Lego is concerned in regards to their LotR offerings, they've only represented 1/2 to 3/4 at best.