I'm thinking no. SHMA is mainly a plastic action figure line. That figure looks a little too action figuresque without some of the compromises you would need for a 7 vehicle combiner. It's probably much like Moguera. To do a real combiner would likely push it into the SOC line.
It IS being marketed as a Chogokin though, not an SHMA. That said, anything at this point is just speculation. I DO hope it transforms though.
Machine translation from Bandai's new teaser page: At the timing of "Godzilla vs. Mechagodzilla" (released in 1993), the late Mechagodzilla drawn by Mr. Yoshinori Yoshinori was revived as a super alloy in 2017. Under the cooperation of Mr. Nobushi Nishikawa, a cartoonist who is a staff at the time and a phantom poster version draft designer, realized the will of that time. Well, what is the gimmick hidden in this design ...?! Interview with Shinji Nishikawa on monthly Hobby Japan and Tamashii Web at the end of April! Poster version The truth of the birth of Mechagodzilla, and the history of commercialization of this time are obvious ... ...!
2017年9月新商品 PICK UPグラビア | 魂ウェブ Official announcement for the Tamashii Mix MG and... another Heisei Godzilla. Woo. Still using the Burning mold, with a slightly dusty look and translucent blue spines that admittedly look good.
Ehh, perhaps? It looks to another case like the Birth Godzilla of a non-specific Heisei Godzilla, rather than try to pass it off as being from a particular movie or scene, since it uses the Burning mold. Ugh, I hope the big Bio-Goji doesn't mean Bandai will never do a proper in-scale one for Biollante!
That Mechagodzilla is a immediate buy...the Godzilla not so much. Though if we get just a few more X-plus pieces I may be calling my Godzilla collection complete, or at least current with no need to hunt monsters from past movies. Pretty much just need them to reissue an individual Kumonga and King Ceasar then offer up Adult Battra, Orga, Megaguiras, Moguera, Mecha King Ghidorah and the Mutos. With Gabara hitting next month at least they've offered pretty much everything in the Showa era other than Kong.
I will admit it I thought the poster MechaG couldn't transform, but seeing some pictures of it...it does. Holy crap it does!
I'm impressed on how they've managed to get Mecha-Godzilla to transform. He already wins the award for being the most ambitious Monster-Arts figure this year. He sort of fits into the Diaclone line in a funny way. Also I've found out that the Godzilla repaint is a reference to the poster art for Godzilla vs Mechagodzilla 2 so it makes sense in that regard why it happened along with Mechagodzila.
Joking aside I'm really glad it transforms. I don't anticipate this design getting another premium product like this, so leaving out the "feature gimmick" would've been a real punch in the gut.
I wish they done this for MOGUERA and I bet someone already posted a comment about this and my bad of bring it up. But that would be awesome as hell to have a transforming MOGUERA figure.