I wonder where you got this idea?
He's not cancelled as much as he has not even been announced. Hasbro Australia told someone here that Takara Masterpiece Grimlock would not be available. Let's try to give that a bit of context to avoid further confusion:
1. This is not strange as Takara is supposed to stick to their turf while Hasbro sticks to theirs. Australia is Hasbro's turf.
2. While Hasbro Australia has imported Takara branded Masterpiece toys for release here in the past, if I'm not mistaken they have only been toys that Hasbro themselves do not make, e.g. MP Ultra Magnus, and MP Prime w/Trailer.
3. Even though Takara has already released MP Grimlock and Hasbro has not, it has been alleged that Takara designed Grimlock at the strong behest of Hasbro. If you take this rumor along with the recently translated interview of Takara's designers, the magnitude of gimmicks in MP8 would certainly reinforce this. Thus, it is expected that Hasbro eventually will be releasing their own flavor of Masterpiece Grimlock.
4. Once (if) that announcement happens, asking Hasbro Australia if they'll be releasing it locally would make considerably more sense. However, Hasbro Australia rarely seems to have a handle of what's going on at any given moment, and even if they do, there's no guarantee that their information hasn't changed from underneath them since.
5. Lastly, when and if Hasbro Australia do release a Masterpiece Grimlock, whether it be Hasbro's or Takara's, there's no guarantee it's going to be less than A$200 anyway.
So, all that being said, like many others here, I think Takara MP Grimlock is awesome. I agree with Silver Dragon in that I greatly see him as a display piece, if not the most displayable TF I've ever seen, but all the accessories and gimmicks should hopefully add a bit of play value, although that's not my personal area of enjoyment.
If you were to consider getting MP Grimlock, here are a few options:
1. Robot Kingdom current stock
They have 2 left at the time of me writing this for US$140. If you were to order that by itself shipped to yourself with today's exchange rate (.77 + 2%), that would be A$227.
2. Robot Kingdom pre-order stock
If you can wait until the September restock (but pay before it), you can save US$20, bringing your individually shipped total to $201.
3. eBay
Shingstar1982 has plenty of these listed and has even recently reduced prices by about $10. He lists them on various eBays (US/UK/AU) and I find that the ones listed at eBay UK are the best deal, getting it to you shipped for around A$203. While this seller does indeed ship your items to you, his packing effort isn't the best. It might pay to make a specific request if box quality is important to you. There seem to be a few other HK sellers around that price too.
However, if that's still a bit too rich for your blood, I agree that either G1 or Classics/Henkei would be the recommended route.
Henkei Grimlock isn't considered as superior over Hasbro's release as more recent Henkei counterparts are, so definitely take a close look at pics of both Hasbro and Takara so you can decide which one you prefer. You should be able to get Henkei Grimlock shipped to you for less than A$40. I have no idea about Hasbro's, but it should be similar.
But yeah, but try to save up and get the big guy![]()