Warrior of Minas Tirith 5 - Fountain Guards are miles better for barely any point increase
Hobbit Militia 5 - Sheriffs are far better though. Hobbits won the 07 and 08 GT's
Elf Warrior 7 (Wood Elf gets an
Warrior of Rohan 4 - overpriced, almost useless unless allied with Woses or Grey Company.
Moria Goblin Warrior 7 - Excellent for price and usefulness
Cave Troll 1 - Useless in competitive environment.
Uruk-hai Warrior 6 - average. Crossbowmen are very good, but non-crossbow armed Uruks are not that useful.
Orc Warrior 5 - I don't think this should be rated, the most commonly used model in the game.
Strider Aragorn 2 - Useless in competitive environment, excluding an all-hero force where he is the main model of the army.
The Dark Lord Sauron 1 - Useless in competitive environment.
Dwarf Warrior 4 - compared to Khazad Guards they're not worth taking in a lot of cases
Easterling Warrior 3 - fight 3 and not many options to ally make them pretty bad
Haradrim Warrior 6 - depends on the army, but archery wise they're great. As part of the army they're good for supporting Easterlings or Corsairs, so they do a good job.
Hobbit Archer 7 - insane price for a bowman
Ranger of the North 7 - if used as allies just for a few more bowmen they're really good.
Barrow-wight 1 - Useless in a competitive environment
Rider of Rohan 2 - overpriced and not good enough compared to KoMT or mounted Outriders
Uruk-hai Scout 2 - equivalent to an orc for 2 points more when fighting elves, dwarves and most other D5 or D7 models, which Good side is full of
Good Saruman 10 - By far the best character in the game, the only one deserving of a 10 in my opinion. 4 Good Sarumans in top 4 lists at the 09 GT. 3 Good Sarumans in the top 10 lists at the 2010 GT <= Best players know what models work
Evil Saruman: 9 if taken with Grima (it's stupid not to take Grima when taking Saruman anyway) - Almost as good as his Good counterpart.
Gandalf the Grey 9 - Winner of the 07 and 08 GTs, one of the most useful and all-rounded models in the game.