This sentiment, while there is logic behind it, misses the fact it wouldn't really help with *new* players' bias most likely - if they think high-elf...
I have a level 105 Guardian who can't access the VIP rewards vendors anywhere in the game. All my toons can but this guy can't get the ring to light...
Re why Sauron can't come back, there's the question of what the 'rules' appear to be for a Maia to take physical form. Not that Tolkien is consistent...