I watched it a lot when I was a kid, and I still like the unique style and humor in it. One of the reasons for its uniqueness is that the penguins got their own quite funny penguin language, that sounds like a mix between several languages.
I think Pingu would work great in LEGO. My idea is a set like the one above, with Pingu's family and home, and Pingu's father's "mail snowscooter". It would not be a too expensive set, but would still open up for a lot of playability.
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Pingu's father's "mail snowscooter".
An example of how an additional set could look like. Pingu, his little sister Pinga and his seal friend Robby building a snow tower. Pingu's kick-sled to the left.