Gah, you whiny bitch.
Obviously I just took a screwdriver to it and did minimal parts swaps, so nothing's permanent nor exactly "right" but it should give an idea.
The head needs lowering on that neck and repainting (fleshtone matches pretty well though), and while I have 2 Mindbenders, I don't particularly wanna go cutting up that figure, so I may wait and get a cast of the head and repaint it myself. To be honest, I don't like how they painted his eyes/brows/monocle anyway.
I'd paint the inside of the coat, remove the Cobra sigil, take off the silly tat on his arm, and probably either cut off the lower arms at the wraps and find new lowers, or paint the wraps black and glue some sort of wrist guards onto the outside of the arms. Obviously, he needs new hands, but those flesh hands would go well on other figures so it's a good part leftover. I'd also want to minimize that chest scar and paint the crotch to match the legs, and maybe consider new lower legs/knees, to be honest.
The webgear needs modding so the "suspender" part isn't so crooked, and I'd repaint it to be more silver like the cartoon. I also have one of those Cobra sigil-cape-clasp things from some ME version of Cobra Commander I'd like to put on him, to get the look of the cartoon, as well.
So, not a LOT of work, but kind of. At least to get it to look right.