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Still, I think phoenixes for the Elves are a good idea. Firstly, they symbolize life. Secondly, they looked good in the fourth game (much better than some obscure dragons). And regarding the difficulty of creating a beautiful and dangerous, yet unique, bird... Well, it can be done. We should aim for the best possible implementation, not the worst. Otherwise, dragons can be easily ruined too (ahem, the dragons in Heroes 4, ahem).