The statue is of Tawaret the goddess of protection during pregnancy and childbirth.
The Egyptian god Sobek seems to be the inspiration for the giant statue on LOST. I was leaning towards Anubis but the crocodilian snout gives it away. (Anubis was probably a bit too close to Stargate anyway.) Gary Jones' masterful photo of the Temple of Haroeris and Sobek in Egypt shows Sobek in detail. The light in Jones' photo is stunning - mysterious and beckoning.
Caroline Seawright writes of Sobek:
"Having the form of a crocodile, the Egyptians believed that he also had the nature of a crocodile. He could be the strong, powerful symbol of the pharaoh, showing the ruler's might. He could use this force to protect the justified dead in their after life, and be the protector and rescuer of the other gods... yet he could also use that power to savage his enemies and the sinful deceased. He could bestow sight and senses to the dead, he could bring water and fertility to the land."
"What lies in the shadow of the statue?" Richard's answer in Latin is:
"Ille qui nos omnes servabit," ("He who will protect/save us all.")
Just in time for the release tomorrow of the film Angels and Demons, we have Richard on LOST answering questions in Latin and calling himself Ricardo. Latin of course brings to mind the Catholic church and the history of Rome. Could Richard be a priest? Is he also known as Father Ricardo?
Sobek, God of Crocodiles, Power, Protection and Fertility