It's a Dragonne from LJN's Dungeons and Dragons line: http://www.toyarchive.com/DungeonsDragonsCreatures.html I always wanted Tiamat.
At one point I had almost all of that line...I picked them up real cheap when a local Wolworth's went out of business... Actually these guys are really awesome: http://www.toyarchive.com/Dungeons&Drag ... Bendy.html I especially liked the dwarves and skeletons...