Yea all the levers are in place to create and justify enemies powerful enough to be a threat in the narrative. Its just the pacing is such that we have barely even gotten past the "introduce the setting and its concepts" arcs in the plot. Now that I think about it how many full Plot Arcs have we gotten through so far, three?
That's mostly the fault of deciding to introduce excessive amounts of aliens and an entire society of spooky stuff. By the time V showed up the setting was more or less developed and introduced. The magic society and all the aliens really set us back in introducing the setting and were a pretty big genre shift.
My deaths to wolves (or other evil night killers)
Spytrap III, Ultimate Kaos II, Monty Python, Twin Village, Invasion of the Zombies: Outbreak, Vampires III