just wanted to comment on this...
this idea of ripping models from games involves a number of copyright infringement issues and yet it has been done for a very long time and seems to be positively tolerated by gamemakers (as well as other license holders)...I'm thinking it falls into the category of "fan art".
I have even seen game companies involved in the third party handling of model files from within a game.
I could be wrong here...but this does seem like a tolerated and somewhat permissable action.
I would however, be leary of selling anything that uses game models or licensed characters
and I would avoid using licensed logos, characters, names, etc in any advertising
on a similar topic...i found this "suit" on that site (League of Heroes).
Sean here, has built himself IronMan's armor
(based on a toy version)
using cardboard, Foamboard and Bondo
what somepeople will do to avoid recycling! lol