I'm just saying it's as much Soundwave as the Movieverse one, maybe even moreso since this one not only has a Soundwave-ish head but actually turns into a media device, can physically integrate its minion onto its body, and has a rectangular window/screen-based chest. All of which are major Soundwave-y aspects that this figure nails down while the Movieverse Soundwave only has one of those aspects (the head).
I mean, what does it take for even the most radically-different designs to be deemed fit to be Soundwave designs? Prime Soundwave, for instance, is a far cry from the traditional Soundwave look as well, and of the above-mentioned aspects he only has the minion-integration aspect. His head, altmode, and chest all differ from the traditional Soundwave look. Sure, he's blue, but he's more solid blue than not, whereas the traditional Soundwave colors are a more balanced display of blue and silver together. This new Soundwave just goes in the other direction with using the silver as its main color, likewise with Movieverse Soundwave being silver.
After all, it's not like it's as wildly different-looking a Soundwave as
this one was: