MDb news since 1996.
At the 2011 Chara-Hobby expo in Tokyo, Max Factory, a manufacturer of high-quality models, has announced officially licensed 1/8 scale models of Samus from Metroid: Other M! Apparently, there are two models on display - Power Suit Samus and Zero Suit Samus - but there are currently no good pictures of either (the only ones available came from a Max Factory employee's Twitpic account). They should be appearing on the official websites over the next few weeks. The figures are currently set for a Spring 2012 release and will be Japan-only, so you'll have to go through an import shop.
Max Factory's Figma line are high-quality figures can be found here. They mostly make character models, but have also done mecha, which seems to make them the perfect choice for Samus. Their figures are typically a combination of ABS and PVC and are highly posable, which makes these models far superior to the Yuujin and Joyride figures that were released previously, and should be cheaper than the $100+ First 4 Figures statues. There's no price listing yet, but figures typically come in one of three releases: normal edition (which range from 2800-3500 yen, or about $35-$45, but can top 7800 yen, or $100), special edition (which often top 16500, or $210), and limited edition, which are only available at expos. We're obviously hoping the figure will be in the $40-$50 range, but a good figure is better than a cheap one.
UPDATE: Tokyo Hunter (via the website Tomopop) has shared some fantastic pictures of both figures:
The Varia suit figure is poseable while the Zero Suit isn't and comes with a small Metroid. We've also discovered that the models were prototyped by "Shining Wizard @ Sawachika." He has previously sculpted a number of highly-detailed figures, such as these kits for Hatsune Miku (VN02 Mix) and Rin Kagamine.
We will have more information as it becomes available. Thanks to Shinesparkers for the original tip, and Plastikitty for making it public.
Until next time...
Captain Commando