Square Enix has released photos and details for their upcoming Marvel Universe Variant Play Arts Kai Doctor Strange Figure. The 10″ scale figure includes an all new, comic inspired, design. Doctor Strange will have a non-poseable plastic cape, four magic effects pieces, interchangeable gloved hands and a set of translucent green magic hands. A figure stand is also included.

UPDATE:
Square Enix USA has published their product page for the Doctor Strange Figure. Some additional details from them:

Dr. Stephen Strange first made a name for himself as a brilliant American brain surgeon. After seven grueling years of training, however, he obtained the power of the mystical arts and became an unlikely kind of superhero. His name? Doctor Strange.

His signature cape can be inverted for a multitude of poses, while the exaggerated contrast unique to the paintwork of the MARVEL UNIVERSE VARIANT series brings out his profound presence. Articulated areas such as the chest, shoulders and hips incorporate flexible materials to allow for a wide range of motion.

With magic glyphs and effect parts constructed with translucent materials, as well as interchangeable hand parts, our Doctor Strange figure can be posed in various dynamic ways.
Figure includes display stand.

The Play Arts Kai Doctor Strange Figure is set for a North American release in November. The figure will be set at $150.