Well the story is in the wild, so we may as well confirm that this toy is real, and yes, it is awesome. Although I was banned from playing with it (you break ONE prototype and everyone freaks out...), it really is amazingly detailed.
Although not more fun than Bionic Commando or Bionic Commando Rearmed, this toy IS a lot more fun than Ben Judd (and, amazingly, the same size!)