Yup. It was announced by R2 at wonderfest. It is 1/2 scale to the 44 inch (sort of) studio scale model.
Some heavy hitters in the Space 1999 world were involved in the design. James Small for one.
Those who saw the prototype at wonderfest said it is VERY accurate. It will have sprung landing gear
and retail for around $100.
This kit is the holy grail for Space 1999 fans! I have 1 on preorder.
R2 has said that if this kit sells well a large hawk could be coming.