What could be the first image of Masterpiece Megatron have surfaced at ACToys.net. This approximately 12" figure transforms into an oversized Walther P-38 bringing Megatron back to his early days. Click here to see him in all his glory! You can view other news about Masterpiece Megatron in the SEIBERTRON.com news section by clicking here.
Please note this is only a rumour for now, this could just as easily be a fan made model rather than a prototype for Masterpiece Megatron.