A while back my buddy John from The Clawful Punch sent me an Eel in a package of goodies. I later picked up a second one while buying Kre-o blind bags. This really is a nice looking figure. He has the classic gray, black, and red color scheme of the classic figure. He comes with a spear-gun, knife, flippers, and helmet with a visor.
I think it is interesting that the figure has a breathing mask printed on his face under his SCUBA helmet. The vintage Cobra Eel was one of the first GI Joe figures that I ever had a duplicate of, long before the term "army building" was coined.