When Hasbro produced the "Spider-Man Origins" line, they managed to squeeze in Captain America and Wolverine as part of Spider-Man's origins. What Hasbro did was take Toy Biz's concept and executed it better! Hasbro's cloth-costumed Wolverine (The "Icons" series features 12-inch articulated figures but they are still just one big chunk of plastic with strategic cuts at certain parts and joints, just not the same as clothed figures which feel more real) is one up on Toy Biz's but lest we forget, Toy Biz restarted the Mego-like series in the 90s.
No removable mask here but then, no enormous hood either
Medicom's Hugh Jackman Wolverine from the X-men trilogy