First 4 Figures was awarded a license from Microsoft and TECMO/Team Ninja to create these high end 1/4 scale statues based on the characters from the Ninja Gaiden II. The first statue release is Ryu Hayabusa and measures 31 inches to the top of the Eclipse Scythe. The retail price will be $349.99, availability is in the first quarter of 2009 with a limited 1,999 pieces produced worldwide.

Read on for the official press release.

Ryu Hayabusa, in his default NGII black costume, is coming soon from First 4 Figures. Based on the official Ninja Gaiden II box artwork and in-game 3D model, First 4 Figures has painstakingly captured Ryu Hayabusa’s intensity and deadly demeanor. The base is covered in artificial grass and features Ryu walking through a graveyard of swords from fallen warriors. He comes equipped with his signature Dragon Sword, Eclipse Scythe, and a Falcon’s Talon. At 1/4 scale, Ryu stands at 18 inches tall and when you include his Eclipse Scythe, he stands at 31 inches tall (that’s over 2½ feet)!

This is the first in the Ninja Gaiden II series so low numbers will be given on a first come first served basis. Comes in deluxe full color packaging, hand numbered base, and includes a Certificate of Authenticity which allows you to purchase the same number of the model next in the Ninja Gaiden 2 series. Qty is strictly limited to a highly limited 1,999 units only worldwide. For more information on “Ninja Gaiden II,” please visit Xbox.com

To place your order go here