Taking risks - here's the flip side: what if Mattel thought X product line, specific figures and such were too risky for a full retail production run and projections indicated not enough interest from the mass market and/or did not encounter enough retailer interest?
I don't think there's much Hasbro can do with Star Wars that they haven't already done. I could only see director-to-collector sales on stuff that has little mass market appeal.
Fans would have never dreamed of a new Millennium Falcon, AT-TE, Turbo Tank, AT-AT, Slave-1 ect a few years ago. In fact, the only things that I can see Hasbro not doing is something that is impossible to get at a certain price point or is purely impractical. I believe anything figure scale is fair game to be made perhaps one day, so long as there isn't a legal problem (see: the Tonnika sisters).
According to at least 2009 figures, Mattel is still the largest toy company based upon revenue, and they still enjoy larger total assets. Hasbro's share price is worth almost twice as much, however, and they're slowly catching up in revenue.
I think a question that should be asked is: Does Hasbro need to market directly to their collectors? From what I've seen and heard from Hasbro's designers (and specifically Hasbro's Transformers designers), they got into this business to make toys for children, to live out some sort of dream to make the things they would have enjoyed when they were that age.
What else can Hasbro make that they don't already do? We are not left wanting for products that collectors can enjoy. We are not like the MOTU fans who only have a handful of toys for a franchise that isn't going anywhere.
Take it from me: In my dealings with people who work or have worked for Hasbro, I have never once questioned their personal passion for the brands they work upon or the professional commitment to them. At the same time, I don't expect them to view the brand from the same perspective as we fans do 24 hours a day, because that's their work, this is just our hobby.
The fact that their brands are doing so well is a testament to them. It is not dumb luck or the consumer not caring, tt's the hard work that Hasbro have put in.