There have been Bayonetta figures before. This Bayonetta figure, though, is not Bayonetta. It's Jeanne. Not as iconic, perhaps, but she's definitely more feathery.
I hate the hip joints on these Square Enxi figures. Makes them look like a discontinued line of GI Joe figures from 1986. Still, she is highly posable, and there's some great detail on her weapons and accessories for a figure that size (it stands around 22cm tall).
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Jeanne is available for preorder in around a week or two from your importer of choice, and shouldn't set you back any more than $40-50.