This classic looking thing is obviously inspired by the "Laughin' Sonic" stock art. And, it does a good job of looking like him! From this front angle, it's very 'classic Sonic' styled, with sphere body, noodly arms and legs, and simplified shoes. Yes, he is still "Closing his pupils" which is rather impossible, but it makes for a good bit of oldschool.

But the most curious thing here is the hand position. It's because he's a Wiimote holder! A curious concept indeed, a figural holder for this special remote. It seems like a clever idea to make up such a holder, and the execution seen here of the design is good. It's also one of the only things that has "open mouth Sonic" not looking mutant or terrible. This is due to come out in very late 2008 or more likely 2009. It is displayed here at a toy show, where it was announced.