As popular as Elric is, I think that Erekose / John Daker would make for a more enjoyable game. The guy has a basic motivation (Ermizhad) and an excuse to jump from one plane of existence (eg change of gorgeous scenery) to another. Likewise, I think the open-ended nature of the character provides for a more flexible plot than Elric. Hell, we can even work in the old console cliche of "Hero oversleeps and gets woken up in a most annoying manner."
Any thoughts on this?