Thanks again for the comments.
The Cyclops is from the Safari Toys line that is sold in the craft store Michaels. One day I was just walking around there, as one does from time to time, and saw the figure on sale for $5. I hesitate for a second and then thought about how much I would pay for the same figure if it was metal....and the rest is history. It's made out of bendable plastic, but is much stiffer that Reaper Bones plastic. With an undercoat, layers of paint, and a gloss/matte clear coat, there is almost no bending at all.
Every time I have been back to Michaels, they have been sold out of the Cyclops, but I have noticed some very nice plastic dragons there....