I'd just like to point out that we actually have no reason whatsoever to believe that Dragons were incarnate Maiar. I proposed it early on as a possibility that couldn't be ignored, but there is really no textual evidence at all to support it.
I think a lot of people have lost sight of the only reason the 'Dragons > Balrogs' camp got past the first round of debate, which was the text presented by Kuruharan on page one. Without that little citation (which I thought I had successfully argued away), I doubt this discussion would've reached two pages.
A lot of the thread's newcomers would benefit from reading the first three (lengthy) pages.
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