Oh, you'll never find Jetfire in the store again, that figure came out two years ago. Treadbolt is the only one that is still available and those are quickly going away to be replaced with the new movie toys.
That is what they were trying to do. The original Jetfire toy was made by Takatoku Toys, who made all the original Macross stuff, but distributed by Takara/Hasbro. Takatoku was eventually bought out by Bandai, Takara's compeititor. So neither Takara or Hasbro could use that mold again, and Bandai couldn't release that figure because they didn't own the rights to Jetfire. Just a big legal mess.
This was the best that could be done without infringing on Bandai's rights. It's not as nice as actual Valks, but then if it was too nice, I wouldn't have as much fun customizing them.
Just trying to take Jetfire back to his roots, but I can understand your disapproval. Don't think of it as a downgrade to a Valk, just think of it as an upgrade to a Transformer.