Well, it.. kind of looks like a real budgie. I'm a bit disappointed. I was really impressed with the blue jay; the real birds have some very detailed markings and it looked like Ganz had done their best to recreate those in a stylized form that could be mass-produced with reasonable effort. This budgie looks almost nothing like a real budgerigar, though. Where's the long, tapered tail? The yellow beak? As shelbers91 said, what about the four-toed (two front, two back) feet all parrots have? It's cute in and of itself and I'll probably buy one, being the completist I am, but they could've put more effort into accuracy. And while I realize I'm a bit of a niche market, wouldn't it be cool to see budgies in multiple color mutations?
On the subject of it looking like a fish, I think the scalloped pattern on the wings is meant to imitate the barred markings on real budgies. Why it carries over to the belly, though, I'm not sure.
A better budgie as a Signature pet would be nice, but budgies are tiny little guys and it seems like the signature line is for 'large' animals (pandas, dogs, chimpanzees.) So I don't think they would. (Would love to see a signature species-specific parrot though.)
Thanks for the heads-up, Justin.
All my nitpicking aside, I'll probably still buy one for my bird collection - in and of itself, it's very cute.