The packaging is your standard design of the last few years. I've noticed a variation although I don't know if it's an official "running" change or simply luck of the draw. The Badstreet t-shirt, which we'll discuss more in a bit, seems to be positioned either lower or higher. When it's lower it obscures the Badstreet USA logo that makes the shirt one of my favorite wrestling figure accessories of all-time. If you're a carded collector this is certainly something that you'll want to keep an eye out for.
Some have voiced their issues over this being a "mash-up" of Hayes eras. The sunglasses and picture on the front of the package do indeed reflect more of a later WCW Michael P.S. Hayes. The tights and shirt are definitely mid-to-late '80s. The slim body is actually reminiscent of when the young Freebird was just starting out in the late '70s. My response? It's probably the only Mattel Hayes that you're getting AND in my opinion is tied for first place among all of his figures. There you have it. No crying about it on this blog.
Or down the block. You know which one.