I'm pretty sure I saw this figure way back before Persona 4 was released in the United States, but while browsing amiami, I came across something interesting on the front page. Oddly enough the figure maker is listed as Atlus the game company itself. After a quick look, Alter does have this figure listed on their website listed under collaboration works.
The actual figure itself looks beautifully sculpted and definitely reminds of Alter's craftsmanship style. Probably my only complaint is the sculpt detail on the ends and the front of the hair. The right arm in proportion with the legs look a little off, but that could just be the camera angle. The figure comes with a removable fan and a pair of glasses.
The figure has been apparently released last month for 6,500 yen on Altus' webstore and probably will be available for purchase from figure retailers as various American stores already have preorders up.
More pictures of this figure inside.