Nope, there was a post on Fwoosh showing that he's constructed of some pretty clever engineering where his legs and neck are all one mold, as well as his arms being one mold (except the arms are made to break in the center allowing them to move
i bought a few of them and have popped them open and 'fixed' the arms so that they move independently. i think the multiple sellers were really the same guy. he claimed they were from a lost box within a factory in china..some crap about they were mislabeled and never made it to bagging. i asked if he was going to have more and he just said he was leaving the country for a while(don't recall why...think he said to visit family or vacation...he was in california). he kept sending emails asking if i wanted to buy more then sent one that he sold what he had left to a local used toy store.
anyway...i'm pretty sure they're real. if not then someone sure put some hours into them...molding the parts, painting the faces, hands, arms, belt, cape and chest logo.
all the ones that had the arms up or all the way down do have a chance of breaking.(the arms being all the way up or down makes it easier to put the torso back together...they are out of the way in those positions)
every once in a while now a couple show up on ebay. from opening them it looks like the arms were meant to move together but the neck binds against them. also...the paint on the arms acts as a glue by gluing them to the neck and shoulder sockets. some even had big globs of paint inside the torso gumming everything up.
if you have one be very careful with the arms...if they don't move freely and together when you flick them with your fingers it probably needs to be operated on. if you're going to pop it open be extra very careful you don't pry the torso open at an angle because you will damage the parting line and it will look like crap when you put it back together.
i've repaired and sold about a dozen on ebay and i think i'm doing a good job because people have actually sent messages after receiving them saying how much they enjoy them with their arms independent from one another.
i really don't think the arms were meant to break apart as some have said. i believe they were to move together. i'm basing this on a friend having one obtained at the sdcc that has arms that move together. maybe these were quality rejects? it would have cost the factory even more to have employees take them apart and repair the problem. it is well known that all kinds of retarded mutated figures come from the sellers in china...i once received a black adam with two right legs. it seems they don't throw anything out.