as nice as some of the G1 toys were, and as much a place they hold in my heart for nostalgia reasons, that's not why I like the characters. Comic, cartoon, etc appearances are what made them interesting characters, primarily. Appearances in works of fiction by talented creators always help establish a character in my mind, even if it is quite a memorable toy they're advertising. Flywheels is a terrible toy, but I'd gladly buy a new one, because he was a great fun character in the comics. Bombshock...well, I'll be kind...he needs a bit more spotlight before I'd think of him ahead of about a hundred or more other characters.
That said, sometimes I'll buy really good toys despite not knowing or caring for the characters. Transformers toys are always good for this, as you can make up your own character, or use a toy as a stand-in for an existing character. Haven't thrown in my money for these Iron Army guys yet, but they do seem like fun little toys that have the right sort of Transformers-y look to them that I like, and they're not super-expensive. I won't not get them because they're not established characters, but can understand people who won't.
assembling a Neo-G1/TF:TM cast. Please PM if you have (or know of) the following at a reasonable price: Classics or Henkei Prowl, Astrotrain, Ramjet, Skywarp, Sunstreaker, Sideswipe, Blurr, Perceptor, GDO Wheelie and Springer, or 3rd Party Motobot Arcee, FP Springer, iGear Ratchet and Ironhide, City Commander (and/or Ultra Magnus), Starscream (deluxe) Coronation add-on, or Spike and Daniel in their Exo-Suits.