This Shockwave looks a lot more toon accurate than the 3rd party one, interestingly that can be both a good and bad thing. He's got the g1 silhouette down pat, but that also makes him kinda retro and very simplistic on the surface detail. Much like Ironhide he has a giant groin section which is off putting but entirely accurate to the source material.
It would be cool, but I don't like the odds, as this design is slavish to the old G1 style to the point of looking retro.
Given they announced Beast Convoy a while back without a toy to show, it seems like TakTomy are more proactive about letting fans know what's coming up in the future, than they have been. I don't expect to see Shockwave to the later half of 2016 myself.