It really is. Compared to the old Generations deluxe, it accomplishes a lot more with less moving parts and looks a lot more user-friendly to boot. It just could have used a few more parts to cover up the fists, clean up the shoulder stalks or to fold up the bumper in robot mode. The axe being able to transform between Optimus' axe and the generic axe used by other truck bots is also a neat touch but i dunno, those were parts probably better used on the main robot.
Hollowness doesn't usually bother me but this toy has so much of it in so many places.