Yeah... it does kinda suck that the Balrog isn't the full figure. But I don't really play with this stuff anyway, it just sits on display and looks neat! You can't see it in the pic, but the 4 Moria orcs are waiting below those stairs for the poor little hobbits.
I'm just glad the upcoming Osgoliath playset has a full Fell Beast figure. Can't wait to score that one. Who knows, maybe PlayAlong will release a full Balrog someday (being optimistic here...). Or better yet, we'll get a ToyBiz Balrog (being extremely optimistic!).