I like Ral Partha sculpts, especially the larger creatures - quality of sculpting and level of detail was light years ahead of the competition in the late 70s and early 80's. If I had a minor quibble it was that their smaller figures (e.g. the adventurers) always looked a bit too small, especially when placed against their contemporaries from Citadel and Grenadier. This figure is a great example of a larger RP figure - stylish, good detail, great pose - what's not to like? Well, now that you mention it - it is prone to falling over, so the first thing was to attach it to a plastic base to give some stability. After that, on with the paint job. Good quality sculpting = easy paint job - base colours, GW washes, and then highlighting, especially for the white areas on the figure. The base is just cotton wool to try and give the impression of the djinn appearing in a cloud of smoke.
I like this figure a lot - unfortunately I can't see it getting a lot of tabletop time, purely because the D&D campaign I run has a definite Nordic/British Dark Ages slant, and the figure is definitely Arabic in appearance. Might need some lateral thinking to bring him in to the campaign...