I suspect that a plastic item with a molded and painted Autobot logo and Transformers stickers on it is not going to turn out to be unique. Haven't seen it before myself though, nor does the idea of a wrist worn radio ring any bells, so it may be relatively rare.
assembling a Neo-G1/TF:TM cast. Please PM if you have (or know of) the following at a reasonable price: Classics or Henkei Astrotrain, Sunstreaker, Sideswipe, or 3rd Party iGear Ratchet and Ironhide.
Also looking for Universe Repugnus and Overbite, Frostbite and Longhorn and any Webdiver toys.