Yes. This has happened more recently with official products, though. Don't get me wrong, I love that they finally made Airtight, Lifeline, Sci-Fi, Law, Thrasher, Roadpig, Zandar, Zarana, Sarge, and now the Club made or is doing Dial-Tone, Footloose, Big Boa, and Cover-Girl. But it was also a little sad to see my customs get unseated for the official ones.
I'm a fairly patient dude. The reason I started making customs was because they were figures that I waited long enough for Hasbro to make, and felt we wouldn't be seeing them. With the demise of the vintage line as it was in the 25th's peak, I made nearly all of the above Joes, and I was extremely happy with them.
Until Hasbro revealed the official ones, that is. Really, I just want the "best" iconic version of whatever character exists from the vintage line in my collection, and if that means modifying or making my own figures as customs, then so be it. And truth be told, I still haven't replaced my Leatherneck custom with a single one that Hasbro's done. They all suck, with the closest being the Club's offering. I also love the 30th Law, but for now, I'm still keeping my custom one. But Low-Light, Sci-fi, Airtight, Lifeline, Footloose, Thrasher, Zandar, Zarana, Sarge, Big Boa and Cover-Girl either already are or will be replaced by the official ones. And I hope that Hasbro still makes "official" versions of more of the customs that I've made. The more, the merrier.
But I won't lie, there's a little bit of sadness that I "wasted" all that time making those customs once the official ones have been revealed. Considering that each custom figure takes many hours to make, and can cost upwards of $50 or more for each one.
That's why I gave up on my ventures to either redo or start customs of Zandar, Zarana, Thrasher, Big Boa, Footloose and Cover-Girl, because Hasbro or the Club revealed the official ones. Many of them, I'd already bought parts from SDS to make the figures, so that was a lot of money lost. Who knows, I may end up making those but when I get back to the work bench, I'll have to reorder my queue because a LOT of the customs I had planned six months ago or longer all got nixed. That's part of the reason I've quit customizing for as long as I have. I guess it's a hiatus, because I plan to pick back up soon, but something about the official ones took the wind out of my sails.
Looking on the bright side, though, I still have my Dial-Tone hybrid (it only uses the official figure's head from the SMB2 figure, not the single-carded one), and I still have had to fix many of the recent figures from Hasbro. So there's that, which still counts as customizing. And I've also got Freefall, Rampart, Pathfinder, Falcon, Big Ben, Ambush, Keel-Haul, Leatherneck, Monkeywrench (proper, none of that kitbash crap from ROC), Iceberg, Frostbite, Dogfight, Cross-Country, etc. done already with several other drivers and obscure figures planned eventually... But now I have a bunch of figures that I don't have the heart to tear apart to recycle, but I don't want to get rid of them by selling them either, but they also aren't being displayed either.
OCD, huh?