it's a Transformers "Movie Preview" figure. It's a precursor to the full on barrage of movie toys due June 2nd.

The classics figures stopped shipping and Hasbro doesn't want to interfere with Spider-Man 3 toy sales, so ... it's a filler / teaser.

They're available @ HasbroToyShop.com and Target. They should be available at Wal-Mart, but they're being taken off the shelves there. (nobody has a clue why)