The last Persona figure Kotaku posted had a crazy crotch. This one does not. It has a television.
Japanese figure maker Good Smile Company is showing off this upcoming Persona 4 Teddie figure. There's also a plastic television—a nice touch.
If you haven't played Persona 4 or seen the anime, Teddie is a mysterious creature that lives inside the alternate TV universe.
The prototype figure (and television) were done by Japan's Phat Company. Nice work! More photos in the link below.
Twin Pack: Teddie & TV [Mikatan's Blog]