Go ahead and snicker but some people out there are making art out of these toys. Let's agree that they're not fashion dolls but the way I came across these images is that I was hunting down an original picture of Tonner's Aragorn and found these. The artist Barkingmadd has created many OOAK ponies. The link I provide at the end will take you to them. They are amazing.
All images are the property of Barkingmadd.
Barkingmadd's deviantart gallery link: http://barkingmadd.deviantart.com/gallery/