Currently on Homeworlds Cover page is a picture showing 3 Mini Red Falcons in various positions. These figures are magnemo's and stand about 4" tall. They are slightly bigger than your basic Micronaut. They are very endearing and quickly grow on you. They are arguably better toys than the 6" magno figures. They definitely have a higher collectability value.
I had this one but it was incomplete so I traded it to a friend of mine who had more of the parts it was missing. I have since replaced it with a conventional colored version.