Here we have a 30cm-tall Wooden Gundam. Japan's LaLaBit lists it @ 50,400YEN (US$432+) per Gundam, and is scheduled for a mid-October release. However, it doesn't say whether or not the Gundam has articulated joints or how heavy it is. At that kind of price tag, they really should be telling us more. An interesting concept at a very un-interesting price.
Thanks to Toysrevil for the info and images.