The 2nd Jazwares plush has been discovered. They have chosen to do a Sonic & Black Knight themed plush instead of just a normal Sonic one. However, this one is less impressive than their Werehog plush (above)
The only thing that makes it "SBK" is the cardboard (or possibly plastic) sword. Why not the gauntlet too? The toy has it, the game has it, and it's just 'normal Sonic' with a tack-on otherwise. Could they have just used gray fabric for the glove? Yes, and that would be better than nothing at all. The proportions are ok looking, and he's not floppy or doughey. The fabric looks to be a 'fuzzier' type than is generally used but it could work. The face is all right, if a tad cross-eyed and with tiny ears. It could also be the angle so more photos will have to appear for a real determination.