This came up in the Mantic newsletter so I thought I'd post it for non-subscribers benifit
Sculpted my Bob Naismith. I rather like it.
Hmm the Wargames Factory orc you've posted the pic of there would make for a better Hobgoblin IMHO, of course you'd need to do something about those toy-ish 'kung-fu grip' hands.
I'm agree with you, it remember the AD&D 1st edition illustration of the Hobgoblin: