Not sure how they'll package it over all, but it looks as though it'll come separately...although everything could be packed into a larger box to confine all the contents.
More pics here:
http://www.facebook.com/media/set/?s...3069392&type=3
And because they've made extra 100's of units of the Troll figures, I'm guessing that box displayed is how it'll come when sold at stores.