Super 7 in America are soon to be releasing the first set of their licensed Transformers figurines, which are about 10cm and have five points of articulation (they don't transform - think Actionmasters).

The first batch are Optimus Prime, Bumblebee, Jazz, Megatron, Soundwave and Starscream, with more to come after that.
They are priced at about US$18 (about the price of a Deluxe figure at retail in America), which is a bit expensive for their size and simplicity.
Images of the first six can be seen here, taken from a couple of online stores in America that already have them listed.

And it looks like the first limited edition redeco figurine might come out before the regular figures are released, with a purple Soundwave on exclusive backing card... I think it was released November 6th at a convention in America that I've never heard of before, so could be extremely limited, and very expensive in the hands of toy scalpers.