No, this is not an early update from Red Yoshi. This papercraft is made by ddi7i4d! We know him from the Kirby Chef papercraft, as well as some other nice Brawl crafts.
R.O.B. (Robotic Operating Buddy) is an accessory for the Nintendo Entertainment System. He was released in July 1985 in Japan as the Famicom Robot and later that year as R.O.B. in North America. He had a short lifespan, with support for only two games the “Robot Series”, Gyromite and Stack-Up. R.O.B. was released with the intention of portraying the Nintendo Entertainment System as something novel in order to alleviate retail fears following the video game crash of 1983. R.O.B. was available in the Deluxe Set, one configuration for the console that included, among other things, R.O.B. and Gyromite. Stack-Up was purchased separately and included its own physical game pieces.
R.O.B. has appeared as a cameo character in various video games, such as Kirby’s Dreamland 3, the WarioWare series, the Star Fox series and the F-Zero series. R.O.B. is also featured as a playable character in Mario Kart DS and Super Smash Bros. Brawl.