A fellow Australian has posted up some photos of the Skullitron toy on Seibertron, and gives a quick review, which mirrors my own thoughts about this toy - it looks nice, especially the new head and colours, but just has a lot of flaws (robot mode chest area doesn't hold together well, and parts pop off easily when transforming it).

Unfortunately, that might mean that the Steelbane toy will be the same, and it won't have the fancy colours.