Its been confirmed that the statue is of Tawaret, the egyptian godess of fertility.
Taweret was depicted as a composite of all the things the Egyptians feared, the major part of her being hippopotamus, this would explain why the statue has four toes as hippos only have four toes. However it seems that originally being the godess of fertility and her name meaning ‘one who is great’ could have some relation to the pregnancy problems experienced on the island? I also think that symbolism has a direct relation to Jacob and his adversary. Tawaret became the demon wife of Apep THE ORIGINAL GOD OF EVIL.
Apep was depicted as a snake, an evil demon, the defication of darkness and chaos. There is a picture on wikipedia that shows Apep being warded off by a deity, i cant paste the link in for some reason but if you look it up you will be amazed to see the picture is almost identical to the hieroglyphics of the smoke monster that we have seen in the episode where Ben gets judged by the smoke monster.
I think all of this points towards the smoke monster being Apep, ‘ the snake’ an evil demon of darkness. This reinforces the theory that jacobs adversary the man in black is the smoke monster, he is Apep the evil demon. Jacob is likely to be the opposite? A figure of fertility and good like tawaret, maybe the relationship between tawaret and Apep is similiar to jacob and the adversary? Then there is the link between Apep and Ra.
Ra the solar diety and bringer of light maybe Richard Alpert? Apep was given the title ‘ the enemy of Ra’. There is a whole section in Wikipedia ‘Battles with Ra’ which is very interesting. I dont really know how this links in but maybe Richard is on Jacobs side and has had previous battles with the adversary. isnt it also intersting how Apep is a snake? Just like the snake in the garden of Eden? I could go on and on with the sgyption symbology and how it links in with lost, but i think the revelation that the statue is tawaret opens many more avenues as to who Jacob Richard and the adversary are, and what their prupose is on the island.