This is a completed action toy designed for collectors.
The Transformers Music Label line features popular characters from the "Transformers" universe that are now transformable into practical audio devices! Soundwave, communications expert for the evil Decepticons, is now a stylish black MP3 player that still retains its classic Generation 1 cassette deck design, and is transformable into a fully articulated action figure! Slot a miniSD (not included) into its chest, connect the included earphones (stereo mini plug), and press the Play button to start the music! Soundwave comes equipped with his signature electronic launcher and wave blaster, plus two pairs of optional hands. A character card is included. This version of Soundwave comes in sleek "Blaster Black"; there's also a "Sonic White" version, "Spark Blue" version, and Frenzy & Rumble earphones, too! The third and fourth photos shown below are of a prototype. The actual item has a purple chest and silver Decepticon logo instead of the black chest and purple Decepticon logo.
Note: The Soundwave MP3 player cannot play a miniSD with more than 1GB in capacity, and can only play MP3 files. Operates up to six hours on a single AAA battery (not included).