CopMike on Eurobricks must have connections at TLG as he's managed to obtain The Magician from the upcoming series one minifigure collection.The review is relatively short, but has a few good pics of the fig. Mike does confirm that the wand is a 3L bar, as we previously hypothesized.
If you get a chance, hop over to Eurobricks and check it out.
(Picture from FBTB.net)