I would like to preface my response to this very interesting thread with "I haven't read every post". I just wanted to put my brief 2 cents in on the issue at hand.
I am a miniature painter (a female of course). I am also a gamer - I do not play much in the way of miniatures games these days, mostly due to time constraints, but I've played Warhammer Fantasy & 40K, Mordheim, Warmachine and Hordes. My fave shall always be Mordheim, but I digress.
My handle/screen name is "brushmistress" - this name is a blatant objectification of myself as a woman. I am aware of it, I'm proud of it. When I'm standing in a booth at conventions, I proudly refer to myself as a "booth babe" - to give my male fans a fare shake at sexual stereotypes, I refer to them as "fan boyz". I do not say, speak or write any of these terms in a derogatory fashion. Simply as endearing kitsch.
There's a certain degree of self assurance that is necessary in order to work your way into a community that is largely populated by men, and accepting the age old idiom "sex sells" is an excellent starting point. I don't think it's the off-kilter man to woman ratio in tabletop gaming that is a turn off for women. I certainly don't think that it's the introduction of half to mostly naked miniatures either. Not to completely simplify the questions (and sound somewhat misogynistic), but I think most women are entirely too self-absorbed and sheepish to want to interact with men on anything other than a wine and dine level. If you're reading this thread, you're probably not one of those types. I genuinely think that some women are just born "tomboys" if you will. We're not interested in watching the Kardashians or shopping for fancy soap dispensers to put in the guest bathrooms. We want to "be one of the guys". We just happen to have boobs. Some of us even have husbands who put up with our crazy gamer nonsense instead of the other way around.
I have no issues what so ever with sexually driven miniature concepts. I love painting them. I would imaging that you could poll the earth over and ask the question "would you rather look at the naked male form or the naked female form?" and get a resounding "female" in response. The female body has naturally alluring aesthetics, regardless of body type.
I think I'm rambling now...anyhow, I genuinely feel that the surge of "hot chick" miniatures in the market today has done more good than bad for women entering the hobby. I know I'd rather look at a table full of scantily clad gunslingers than a bunch of unimaginative armored men.