Hasbro created a new size class during the Cybertron run. The Legends class were down-sized versions of larger toys, about the same size as the old G1 Minibots. I had a few and thought they were cool, but I never expected Hasbro to invest in the Legends size class in the long run. I was wrong.
Some Cybertron Legends were cleverly repainted into G1 characters as the Classics series was released. When the Transformers movie toys hit, almost every movie character was released in a Legends size class. I started buying more and more, and now I'm a Legends completist. Though most of the toys lack the articulation of their bigger cousins, they're actually pretty neat little toys. Plus, the price is right in this ever increasing poor economy with Legends costing anywhere between $3 and $5. As with any other size class, Hasbro is utilizing repaints to fill out the line, but so far they've been well done.
Now into Universe/Classics 2.0 we're getting a plethora of both repaints and brand new molds in the Legends class. Hasbro seems to be on track to release all the major G1 Minibots as Legends with Brawn, Bumblebee, Beachcomber, Cosmos, Wheelie and Warpath all scheduled for new mold releases. Transformers Animated fans can look forward to Optimus Prime, Starscream, Bumblebee and Prowl. Articulation is also being stepped up as the new molds for G1 Jazz and Hound and G2 Megatron have a lot of poseability for such small toys.
Repaints aren't done yet, either. Two boxed sets are going to hit soon as Target stores exclusives. Both the "Aerial Rivals" set and the "Team Leaders" set repaint Cybertron Legends molds into even more G1 characters.
If you're a Transformer fan who lacks a lot of display room and is on a budget, take a look at Legends. A variety of characters and styles across several generations and an easy to handle price point make this size class very attractive. I currently have 47 Legends toys, a far cry from the thousands I used to own, but a collection that's very satisfying in its' own right.