It's a nice bit of fan-art. Source? I'm curious to see other pieces from the same person. It's definitely got the basic chest/torso shape down from the Cyberverse figure we've seen, and the coloration is really nice. Just needs some alterations to the shoulders and legs, and the addition of the two cannons to really nail the look of how he would look in the show based on the toy (well, what little that can be assumed from how the toy looks anyways).
Lets just say a lot of energon was drunk that night and leave it at that. If you REALLY want to know Soundwave posted a video of the night in certain circles of the internet.
Ooooh, I remember seeing this on Tumblr once. Just as impressive now as it was then, although I don't really see the point of gigantic man-robot-tits.
I'd love to see Ironhide in the show. He's one of my favourite Autobots, and that design looks awesome. I don't think he's trying to show off the art. I think he's just using the art as an example of what Ironhide might look like if he were to be introduced in the show. A forbidden love!
For future reference, if you have your own fan art to post, please do so in the Fan Art forum. If you wish to discuss someone else's work that is not previously posted in Fan Art, please post the work here (as in not just a link to it). For reference on how to do this, see how the first post was edited. I hope that clarifies some things