Much like my Spider-Man figure this Lizard was given the same treatment. The entire figure was painted black and then surface paint was removed directionally to allow paint to remain in the detail areas and give a surface wash to the highlighted areas.

The lizard figure itself looks so awkward in the packaging but with a few tweaks it can look awesome. I bought the Marvel Select figure as well and loved the way it was put together so when I saw the Hasbro version I was kinda disappointed at how the figure looked overall. It almost seemed like the abundance of articulation just punched holes in the appearance of the figure. Worst of all was the head/neck. For the added articulation of the neck area you still have this goofy head that's just stuck in the "Derp" position. So I removed some of the plastic from the back of the head/neck area to allow the head to take on more posablitity.

All in all I think this makes a nice improvement to the figure we got in stores. Let me know what you think!!