Hasbro said the Cobra Commander figure is basically the classic design "updated to bring the iconic Cobra leader into the modern era." It includes "multiple points of articulation" as well as his "signature sword."
I managed to snag the special edition Snake Eyes Classified Series during its first round of availability and I can attest to the quality of the G.I. Joe Classified line. It's one of my favorite figures.
If you want to get your hands on the Cobra Commander figure, you can get it only "through a special drop" on NTWRK June 18, 2020 at 8pm ET/5pm PT. If you don't mind waiting, it comes to "most major toy retailers" September 15.