Yes, this figure is real.  The head pictured with the Live Stage edition of Figma Hatsune Miku will be included when the figure is released tomorrow at Wonder Fest and later this year through Good Smile's site.  I don't really have a reaction here.  There is nothing that I could say that this picture cannot already express.  I'm at a complete loss of how I'm supposed to react to this.  It completely baffles me.

For those wondering where this comes from, it's based off the NicoNico PV Hajime Tenooto.  You can view the PV itself after the jump.  For now, you can enjoy (?) the image gallery below.  Thanks to Akiba Hobby for the coverage.