Packaging - ***
The packaging of these ships consists of your basic rectangular box. 

There is a generous viewing window that covers most of the front and top of the package. The familiar Star Trek name and font are prominently displayed along the bottom edge of the front panel.

The ship is nestled on a clear plastic packaging cradle. Below the cradle is the ship's display stand. The ship displays well in the package, with a single clear plastic strap holding the ship in its cradle.

The back of the package shows pictures of all the ships in the HotWheels Star Trek series. There also is a brief history of the Star Trek franchise and details for the specific ship.

A slice of a clear tape circle on a flap provides access, and the inner box slides out easily. The ship can be removed from the cradle by untaping or cutting the plastic strap over the ship. To remove the display stand the packaging cradle must be peeled off of the inner box base. If you're careful, the box damage will be slight, and the packaging cradle can be repositioned without it being too obvious.

Sculpting - ***
The Reliant is the ship that Khan commandeers in the movie "Wrath of Khan". The sculpt portrays the Miranda class vessel and is easily recognized as the vessel used in the film. It matches web references for the Reliant.

Once its free of its packaging, the significant weight of the ship can be appreciated. The entire saucer section is cast metal, with crisp details. The super structure at the rear of the saucer, and the warp nacelles, are plastic. The super structure has several crisp details, as well, but the nacelles are somewhat soft in their detailing.

Paint - ***
There are paint and decaling details on the Reliant. The color match between the metal saucer and the plastic pieces is well done. It's not obvious that the super structure is plastic until you flex it to check what it's made of.

The registration name, number, and pin striping are all crisply done.

There could be more detailing on the saucer section. Most of the windows, ports, and mechanisms on the saucer are painted uniformly off-white.  I have included a comparison shot of the Johny Lightning version of the Reliant to show the difference in detailing for the two ships. The Johny Lightning has the edge on detailing, but the HotWheels version is larger, heftier, and has more presence on the shelf.

Articulaton - N/A
As a static ship, there is no articulation. There are no hatches to open, wheels to roll, or levers to manipulate.

There is a bit of adjustment that can be done in how the ship sits on the display stand (described below).

Accessories - ***
The one accessory with the ship is its display stand. The footprint of the stand is of a familiar Starfleet emblem. The stand is molded in two pieces. There is a black base, and a translucent blue pylon that supports the ship. If the ship is light from below on a glass shelf, the pylon glows a gentle blue. Another nice touch is the Starfleet emblem embossed on the side of the stand.

Fun Factor -
These are mostly display items, not toys. Combining them into a kinetic mobile would make for a nice display.

Value - ***
I paid roughly $12 for this at WalMart, which seemed a dollar or two higher than I think the sweet spot would be. I left a 1701-D on the shelf based on the price (and already having a similar sized 1701-D from another line).

Things to Watch Out For -
Nothing that I can think of, other than looking to see the paint has even coverage on the saucer section. I only had one sample to review, and it was well painted.