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Just finishing up my He-Man CGI collection and got this and it's wave mate on the cheap.
I like this Skeletor, it looks cool. Nice color and I'm a sucker for that translucent plastic. Some parts are more translucent than others too, making it look like different parts of his body have different solidity to them. The only paint it has are the eyes.
It's kind of a Snake Eyes deal, minimal to no paint apps but it works. If Mattel wants to stretch the budget, I think it should be a default look for Skeletor. Should be cheaper to produce than Slime Pit He-man too.