Ok, so I ended up picking this guy up for $34 at the recent Target clearance. It was a bit of an impulsive buy for me, since despite reading/watching many reviews (its what us selective collectors do) I still could not make up my mind whether to get or not.

I must say I am glad I did, cause he has really grown on me.

I like the alt mode a lot more than I thought I would. Sure the undercarriage is kinda weak (Classics Octane, anyone?) but as a whole it looks good and really works. Good looking revamp of a WW2 bomber. I think I would've like it to have some more gun turrents, especially the dorsal one like the animated versions have. It also reminds me of the mod'ed B-25 that makes any appearance in Sucker Punch (cause everyone knows that you should use B-25's to fight dragons), so there's an extra layer of appeal there. Personally I like the drab olive of the hasbro version better than the dark green & purple of the united version. I also noticed that he has 10 of those weapon-clip points in aircraft mode (3 under each wing and 2 on each side of the lower fuselage). I think I like the idea of this clip system, but unfortunately atm I have no clip-system accessories with which to experiment.

Transformation highlight has got be the wings changing into arms. I find that quite unique and almost worth the purchase price alone.
Bot mode is also pretty good, and I find myself really liking it. Articulation is a little hampered, but he's an impressive looking figure. But here is where the problems with Lugnut start for me.

My figure suffers from some pretty annoying QC issues, and I would be interested to know if anyone else's does too.
For starters his ankles are quite loose resulting in him toppling over in some poses.
The purple chest piece should peg into place does not even come close to pegging-in. So when posing, the whole chest-hip assembly is free to move.
The robot hunch which has the wing roots and turbines attached to it, should also clip into place (clip spots just above the end of the painted plane mouth) but again, doesn't. It just kinda sits there and consequently moves during play posing.
And the RtS sticker is on a strange angle.


Its a shame, cause little things really detract from the glory of the figure as a whole.
Still, he seems to be on everyone's to-get-list, and he should be.
Overall a great figure. Especially at its current price.