The family went to see The Spiderwick Chronicles recently, and their reviews were generally positive. When I went by Hastings today I saw this one figure and decided to get it (well, he has a book, doesn't he?). It cost $13.99.
The figure is of Jared Grace, the main protagonist of the film. He comes with four seeing-stones, one messenger bag, and one field guide. You can "Squeeze Jared's legs together for Seeing Stone and Field Guide action!"; in other words, his hand raises mechanically to his face.
Once unwrapped, I found that this figure embodied most of the qualities that I dislike in action figures in general. The details of the sculpt were large and clumsy. The body itself was made of a type of brittle plastic that I know from experience can chip and break easily. The mechanical action of the arms and legs is rattling and loose, and fairly pointless: ooh, book lifting action! Even the packaging seemed bulky and over-elaborate, as if they were trying to camouflage their big-priced small item.
Below is a picture of the other figures available in the line. I don't think I'll be breaking my back trying to find them. They are made by Irwin Toys, at http://www.irwintoy.com.