I think the Elf stands out as an exceptionally weak character. The main issue I have is with the special ability to move to "any other Woods space in the same region."
Due to the wording of the ability, the Elf cannot simply move back to the same space ("any other"). So when the Elf lands on the single Woods space in the Middle region, he can move... nowhere?
Would the Elf be overpowered if he could simply move from any Woods space to any Woods space -- effectively giving him a quick route to the middle region?
Compared to the Dwarf's amazing ability to reach the Crown of Command faster than any other character, I don't think so.