1.)Monument of Fellowship (heroes/pets)
- Only heroes with ascended (changed) armor can be displayed. Some people prefer a hero's starter armor over the upgrades. And some heroes can only have new armor from the harder challenge missions, which are also more expensive.
- Only the black moa, black widow, and phoenix pets are displayed as their own statue and labeled as what they are. All others are displayed as a statue with a wolf, bear, and lynx labeled Animal Companion.
- You can only have 5 statues at a time, but you can't pick exactly which 5 when you rearrange them. It's always random.
2.)Monument of Valor (weapons)
- Only high end weapons obtained from GWEN can be added. This does not include end game weapons, and even some golds can't be added. It's only Destroyer ones, and they customize to your character, without the added 20% damage bonus that other customized weapons do. And they all have the same inscription ("Strength and Honor, damage +15% while health above 50%) and I don't know that they can be changed. Plus they're gonna be pricey, as they take 5k alone to make, plus 10 onyx gemstones and 10 diamonds. The others are common materials.
3.)Monument of Honor (titles)
- Only maxed out titles can be displayed. Not everyone wants to grind to get max titles. And the Survivor one? It's hard to become Legendary Survivor. I've seen very few people with that title. Norn/Asura/Agent titles? They only give rep points one at a time for each creature slain. That could take forever...
- PVP-only titles have to be a certain rank (I believe rank 8 for hero, rank 3 for others) before they're displayed at all.
4.)Monument of Resilience (armor)
- Not that big of a problem, but only high-end/elite armor can be displayed. This includes Marhan's Grotto, Granite Citadel, Vabbian, Elite Sunspear, Elite Kurzick/Luxon, Ancient, Primeval, and Imperial (end game Factions). Sounds like a lot of choices, but the prices are high for some people. And some may be content with just the "low-end" armor.
5.)Monument of Devotion (mini pets)
- Any mini pet can be added, but it's automatically customized to the character that added it. It should be account-wide, not character-based.
Okay, there you have it! And in addition to the Monument of Fellowship, I think it would also be cool if a hero's pet could be like molded onto the hero's statue so it would be one big statue. I realize that could take a lot of work and frankly I'm okay without it, but I have a different pet for each of my character's heroes, so I think it would be cool.
I realize that ANet is working on Guild Wars 2, and I'm looking forward to it, but from what I understand, the Hall of Monuments gives us some kind of bonus in Guild Wars 2. Like our characters there can take out our weapons, armor, minis, etc. and use them from our Hall of Monuments. I collect green weapons and I'd love to have them on display. They're the only weapons I use. I have a lot of gold weapons but I have them for sale on my store and I bet they don't count as high-end weapons. Therefore my Guild Wars 2 characters will be defenseless unless something good drops in there. So I think they should fix at least some of the things, if not all, mentioned above. Who's with me?!

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it should be a big statue of balthazar or something cool for an impressive title.