I am pretty sure it is going to be made. Neca recently posted on theior site that they will be releasing the figure in march.
Friday, October 27, 2006
"Some New Announcements from Toy Fair
In Stores March
Jareth, The Goblin King from Labyrinth.
Yes an action figure with the likeness of David Bowie and this figure has to be seen to be believed. I can't wait to debut this figure for everyone to see as it is truly a thing of beauty.. Those lucky enough to catch a glimpse at Toy Fair were in awe."
I have high hopes, neca makes some cool figures, and jareth could make a very cool figure. So be sure to check around stores in march. Ill update this thread when pictures are released!