Given that Batman & Robin came out only 2 years after Batman Forever it's not surprising Kenner cut a few corners to have all the figures ready. Here's another example of a figure from the Batman Forever toy line that was repainted and head swapped.
Much like the original figure, it's okay but I feel there's better figures put there with spring out wings. Mech Wing Batman for the BTAS figure was one of the best. This one feels a little underwhelming. Coupled with the gun/spear that doesn't fire. I don't know, it feels a little cheap. Get it if you want.
Note: this is not to be confused with Deluxe Blast Wing Batman. Totally different figure.