But I'll reiterate that the Predators represent a back to basic approach for Transformers consisting of cars for Autobots and planes for Decepticons. But the small Predator jets are breaking new ground: They are the first range of small Decepticon jets. It's always bugged me that the Decepticons didn't have a small, pocket money sized version of their major form ! From the start there's been small Autobot cars - Minibots then Throttlebots but there's never been a range of small Decepticon jets before. When the combiners started up the Autobots got the planes. The first carded Decepticon planes were Needlenose and Windsweeper in 1988 followed by a pack of Micromasters.
Falcon is Lockheed F-117A Nighthawk stealth jet which I think is the first time the actual Stealth jet has been a Transformer vehicle mode - several concepts and Blackbirds have been used before. Like all the Predators he has a cockpit canopy moulded in clear yellow/green plastic and a grey fold down landing gear under the nose.
Under the plane he carries the data chip for the Megavisor gimmick for the larger Predator toys. Find the grey square behind the landing gear and fold it back 90 degrees. Locking this onto the larger toys (or by lowering the plastic picture down) reveals a targeting image.
Falcon comes with a gold Predator launcher and three missiles - one mounts under each wing while the other is for the launcher. While there's no official place to store the launcher in jet mode - would a hole under the nose have hurt ?- you can mount it into one of the robot's hands.
TF: Simple, but slightly different from the other Predator jets. Fold the landing gear up and the Megavisor data chip in. Fold the legs forward from under the jet so they stick out the nose. Fold the nose down onto the underside of the back of the jet.
Like all the other Predators the robot has been moulded to resemble the robot modes of the G1 jets with the cockpit and nose down the centre of the chest. The use of this design gives four different jets a very unified appearance despite their different jet modes. All also have the black arms & feet (the other three have black upper legs too where they extend - Falcon's fold out and are painted blue) The head - again moulded in black like the other three - has a gold face (another common feature - the face or faceplate is gold on all four) and like the other Predators & Turbomasters is one of the first to use a lightpipe for the eyes, which is the same colour as the cockpit canopy. The articulation is one up on the other Predators - as well as the shoulders which allow the arms to move we have some forward movement at the hips as part of the TF. Each arm has a small (less than 2mm) peg hole that allows them to hold the Predator missile launchers. The hole runs through both hands so he could hold a weapon top and bottom of both hands.
Overall: A modern fan might think it's a little simple but it's a decent smaller Decepticon jet - something severely lacking in Transformers at the time, and not much improved now, a reduction in size for a previously released vehicle with a new design feature, a decent launcher and a gimmick for interacting with larger toys. He's a little different from the other three and adds a little variety to the line.
Falcon was also available in Japan as Shadow Jet in the Operation Combination TF-07 two-pack with Fire Road (Scorch)
A modern re-release would almost certainly require a new launcher and weapon - the Predator launchers would fail US safety tests and indeed have been removed from every US recolour of Stalker & Skyquake. If a different weapon were included maybe the arm could be retooled to accommodate a 5mm peg hole - there's enough plastic there to take one - allowing it to hold most modern weapons.