The original Soundwave transformed into a cassette player boom box. It was the 80s, so that was high tech and cool.
Now it seems really obsolete. So Hasbro created a new version that turns Soundwave into a Xiaomi Mi Pad 2 tablet computer. Well, something that looks like a tablet. It's non functional--for now.
Here's a promotional video for the new $26 toy:
-via Nerd Approved