Picked up the Action Edition Megatron. He's a bit bigger than I expected. Pretty nice kit for the price. His silver parts have a nice metallic coating, the inner frame is metallic gunmetal, and he's got great color separation so there are no stickers involved. Even the little colored details on his stomach are separate parts. The instructions say that a nipper isn't necessary, but I'd recommend one anyway to reduce stress marks when popping parts off the sprues.
Pretty good articulation for the beefy sculpt. The right arm is a bit hampered by the fusion cannon, of course. The side-to-side motion in the hips is also a little loose, but that's easy enough to tighten up. The mace chain is jointed for dynamic swinging poses. (Yes, I know it should be on the other arm, but shush.) The fingers are also fully articulated; they come pre-molded, similar to a Real Grade Gundam kit, so they're not too tedious to assemble. The included stand can help support him, but the arm isn't really strong enough to keep him airborne without at least one foot touching down. The Decepticon symbol block has a magnet inside; touching it to his chest lights up his eyes (actually light-piping up through the neck) and chest. The fusion cannon also has a gimmick, pulling on the back opens the barrel up a bit, like a charging effect.
"Yes, I know there's a special place for me in Hell. It's called the throne!"
Ahem. He also includes the pistol and sword from the Movie, Reflector in camera mode, Kremzeek, and Laserbeak. Reflector and Kremzeek are static pieces (and I'm probably gonna paint or panel line Kremzeek's face later, it gets lost in the transparent plastic). Laserbeak can move his wings up and down, has a ball joint at the base of the skull, a hinge at the neck, and both legs are connected on a hinge. He also has alternate legs with a peg to let him attach to ports on Megatron's arms. Probably gonna paint in his eyes later. I've got a gold Gundam Marker around here somewhere.....
The throne doubles as a storage box, able to hold all of his extra parts (two alternate faces, alternate arm panels to hide or expose the port for the fusion cannon, Laserbeak's alternate legs, and all of the weapons except the fusion cannon, which instead pegs onto the back). There are a few joint parts left over on the runners, I'm guessing it's a shared runner with the Optimus kit and they're used there.