Sorry to burst your iBubble, but that Steve Jobs action figure is not getting made. After receiving legal threats from Apple and Jobs' family for using the late Steve's likeness, Tandy Cheung, the guy who sought to mass produce the figures is calling it quits.

It's common procedure for a company like Apple to send cease and desist letters to companies that use its trademarked Apple logo for personal commercial gain. But what if the product has no infringing logos, but bears an uncanny resemblance to a famous CEO that recently passed away?

The waters are murky, but Cheung's decided not to battle Apple in court over the Steve Jobs figure. Cheung says he "received immense pressure from the lawyers of Apple and Steve Jobs family" and has decided not to keep the project alive.

I guess having your very own Steve Jobs, ready to inspire you to "Think Different" on your desk wasn't meant to be.

Earlier this month, Cheung told ABC News that "Apple can do anything they like. I will not stop, we already started production." I had a feeling it was too good to be true. I've never felt the weight of Apple's lawyers, but I can probably bet I don't want to rumble with them.

The Steve Jobs figures were originally planned to be sold for $100. Cheung says he's canceling all preorders on the figure and will be issuing refunds for them soon.

Previously, a Steve Jobs bobble head doll was forced to cease after Apple came after them.

Does Apple own the right to protect Steve Jobs' iconic turtleneck, jeans, round glasses and sneakers look? What about his name? Sounds absurd to me. That's like Sony and RCA coming after anybody who makes an Elvis doll. And I saw tons of those in Las Vegas last week.

Via PCWorld and DailyMail