This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
A rerelease of the Whisper Ver. of MAMAMASHIKI GUMI. The character who is popular on various video websites "MAMAMASHIKI GUMI" is back again as a 1/8th scale figure wearing her "Megpoid Whisper" outfit. The eyes and production process have been updated for the rerelease, changing the figure into this 'Ver 1.1' edition. Bring home your own personal vocalist to display by your side!