It is due out late Feburary of 2011 and will have wings that can fold out and spread just like a birds whcih is 310-millimeters. So just over a foot. It has a moving cockpit, legs, air ducts, and a very nice display stand.
The only down side to it from being a fantastic model and having a good size is to it is that i will start out at 10,500 Yen which right now at the conversion rate is $126. The Formania series of models started out earlier this year in March with a Gundam bust.
Fantastic stuff, but can my wallet handle that? I don't know, wish it did.
Original press release pdf is here at bandai.co.jp