Since Gandalf says specifically he represents "Saruman as he should have been", it seems that Gandalf the White still falls short of Olorin...Saruman as he should have been would not have shown his full might as that of a Mair...neither would then Gandalf the White...
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"But a new day is come. Here I will stay at peace, and renounce name and kin; and so I will put my shadow behind me, or at the least not lay it upon those that I love."
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