My room would be made of awesome. DO YOU KNOW HOW MANY BIONICLES I HAVE? Throw in all the lego Star Wars sets I had as a kid, and the collection of various Halo figures, and I can safely say yeah, they'd have the same rights. Anything that's alive should be shown the same amount of respect.
But you make an interesting point, which gives me an idea. Remember Who Framed Roger Rabbit? That was one of the coolest movies I watched as a kid. What if somebody made something like that, but along the lines with toys instead? And they used all manner of toys, new and old?