We're talking about a playable hobogblin, right? Playing as a little goblin is still too much masochism (I will still play for the drow)
Hobgoblins are disgustingly implemented in the fifth edition. Due to the strange set of abilities, the only class they can handle well is the wizard. It was amusing to read Volo's Guide to Monsters, where hobgoblins were considered the dominant role in the goblinoid community when their subordinates had much better racial bonuses.
However, if Larian does the same with the hobgoblins as with the drow (well, removes the hideous penalties and abilities), the hobgoblins can become a good playable race.