Compare that price to:
These are reprints from Telegames that look like this-
Instead of this-
And yes, the original release was the bottom pic. Telegames releases get 2-4 copies reprinted about every six months or so. These are official releases. The Atari Jaguar is one of the few game consoles that still gets games reprinted for it. The other game consoles that have had this kind of treatment off the top of my head were the Neo Geo AES (SvC Chaos) and PlayStaion 1 (Atlus and Squeenix games got reprints up until 2011 or so; Final Fantasy VIII being one of those reprints).