Didn't see a thread for this yet, so here are my thoughts before I record a video later this weekend.

I went in knowing that the Valkyrie mold pulls the trick that many have credited to Animated Lockdown first, in that her vehicle mode is a lot smaller than her robot mode due to nearly folding in half. The box is pretty f'n cool in my opinion, very compact and tight.

Now, the first question many will ask is: does the q/c have any merit? On mine, there were no egregious paint slops or mold errors I could see. The right bicep swivel is loose, but that may be a case of tightening a screw.

Big fan of the transformation scheme, mostly because it remains simple while accomplishing a lot. My only real problems with the Valkyrie side of the mold is that the arms are pretty thin, and the shoulderpanel-to-chest locking mechanism doesn't entirely work due to tolerances. While those are issues with the mold, they're more niggling than egregious to me.

Nightbird's unique features are her colourscheme, head, and additional weapons. The headsculpt is really nice IMO (I believe it's a Venksta special?   ). The new weapons include a light sword, two sais, and two clips to fasten the sais to her wrists for storage.

The primary point of concern Nightbird gives me:
The weapon grips are all juuust a little too large for the fist hole. It feels as though they were designed without any paint, and that extra thin layer of thickness threw off the calculations. I believe it would be safest to sand down the weapon handles slightly, at least on mine.

Overall? As others have said, it doesn't have the polish of a Fansproject or TFC release. But those guys are also the top of the 3rd-party game. This release is more akin to the Shadow Warrior: objectively it is a decent 3rd party release, and had FP and TFC not stepped the game up exponentially, it'd not be as outshone.

Is it worth the price? Objectively, yes. I really cannot agree with the IMO kneejerk reaction of saying it should only cost $20-40, because if one considers the logistics of a 3rd party release (and a limited run of 1000 at that), that is patently ludicrous. Does it lack the fit and finish of the top-tier 3rd party stuff? Definitely, but I do not feel ripped off, just as the Shadow Warrior did not feel like a rip-off to me at $50.

Many have been spoiled by FP and TFC's sheer levels of quality, and it certainly is not to their discredit. But it does mean that companies like PerfectEffect or Impossible Toys will come under much harder scrutiny by the larger audience. If you expect that level of quality, you may well be disappointed. This is a release that is far more comfortable for the 3rd party enthusiast than the mainline TF collector.

I am satisfied with mine, and would mildly recommend it to any fellow followers of the garage kit/3rd party scene. If you want mainline quality, then definitely try to get a hands-on demo of one first, though.