No coloring, hair, or articulation whatsoever. The wings were rubber and flexed—that’s about it. The color and hair aspects would be rectified when Mattel reused the mold for Arrow, from the Princess of Power line (1985 – 1987). Pegasus also came packaged with Perseus.
The infamous Kraken figure is here, and I’ve since added some new pics of the box. I’ll post photos of the carded figures next week. The only thing special about the line, in my opinion, is the eye-popping packaging.
(Images via eBay and he-man.org)