I would say yes, as it appears to be MISB. However, it is not the Yamato V2.
It is the Yamato V1 VT-1 that must have the legs removed to transform between the three modes.
Here are some price comparisons for recently closed Yahoo Japan Auctions for Yamato V1 and V2 VT-1's (add about 10% for proxy fees and international shipping fees to your country to get an estimate of your actual cost):
http://closedsearch.auctions.yahoo.co.jp/closedsearch?p=1%2F60+VT-1&aq=-1&oq=&x=0&y=0&ei=UTF-8&slider=0&auccat=0&vm=