This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
A 1/7th scale figure of Hatsune Miku based on one of the works of popular illustrator mebae! The intricate curves and dynamic feeling of mebae's illustration have all been faithfully preserved on the figure!
Her long winding twin-tailed hair, tutu, hair accessory and the lovely curves of her lean body have all been carefully sculpted to create a figure overflowing with charm. Enjoy the beautiful ballerina Miku as she takes the spotlight in your collection!