Any guesses on who will be in waves four and five?

[The Bat]

I want Ra's al Ghul from when he was first introduced.

Me too!!

[jayraytee]

Green lantern, Superman, Supergirl, Wonderwoman, Flash, Green Arrow, Martian Manhunter, Dr. Fate, Spectre, Firestorm, Blue Beetle, Cyborg, etc

[dr_cyclops]

Although FTC is reissuing the Mego style Batman figures now. The package title is "Official World's Greatest Heroes!". Making wave 4 and 5 anyone's guess. I'll guess that they will want to finish up the rest of Mego's DC characters.
Wave 4: Superman, Supergirl, Mxyzptlk, and Clark Kent.
Wave 5: Wonder Woman, Green Arrow, Aquaman, Shazam.
With new characters starting in Wave 3 with Alfred, perhaps FTC plans to pepper the line with more new characters along the way?

[Wasimhosen]

I'm thinking after the Alfred wave they'll add one new figure per wave for a few waves until they run out of original repros. If there can be an original repro. They'll have to come up with whole new sculpts and outfits and that may be cost prohibitive unless they're making some good cash for them. I hope this line runs so long that they get to characters like Phantom Stranger, the Creeper and Metamorpho.

[Astronut]

As far as B- or C-List characters go, I'd love a Shade: The Changing Man and Black Lightning.

[Starroid Raiders Dagon]

As far as B- or C-List characters go, I'd love a Shade: The Changing Man and Black Lightning.

Wouldnt those two guys have been great as Mego figures? They would have fit in so well.

[PNGwynne]

Shade is a cool Ditko-design.

Black Lightning really deserves to be done.