Mezco Toys is releasing a new "stylized" Freddy Krueger action figure that will be shipping November / December 2009. It retails for $30.

"Standing 9 inches tall he features 8 points of articulation. Freddy comes complete with a scale Elm Street sign, a removable cloth sweater and hat, and the infamous tongue phone."

You can preorder the item here

They also have a ton of other Krueger models/toys including the "A Nightmare on Elm Street: Screen Grap" (pictured below), and chef Freddy featured in their Cinema of Fear Action Figures Series 3 Set of 4.