Wolverine was part of the first assortment for Toy Biz's "Famous Covers" series. Being one of the first four figures, Toy Biz put quite a bit of effort to try and get him right. This isn't a Medicom version but it didn't come with Medicom's price either. Rubber mask/hood, rubber gloves with rubber claws and rubber boots complete the cloth-costume look.
Toy Biz designed the mask to be removable since Wolverine's unmasked face is just as well-known. Unfortunately, it made the mask/hood a tad too bulky.
It always amused me that Logan's hair is the same shape as his mask (who wears their hair like that!) but this was interpreted well in the X-Men films coz it didn't make Hugh Jackman's Wolverine look dorky.