If you watched Clone Wars movie or early episodes of season 1, this is the standard republic fighter. Aside of the movie, they do not play a key role in the TV show. But the design is somehow cool. It is very streamlined and it feels like it was designed for a Japanese anime.
The two grey plastic engines detach too easily. Cockpit opens and it has a "Wing commander" console and a joystick. Wings and rudder fold for landing, and at the end of the wings it shoots projectiles (which are actually the laser guns of the fighter). It has two legs underneath for landing. And that's pretty much it. Plastic is quite sturdy.
Aside of the aestetic value, it does not have too much value in terms of functionality. But I like it. Worth buying it for a moderate price.