Terume's Comments

I've found three colour variations so far: pink with light blue spikes, orange with yellow antenna, lightish blue with yellow antenna.

Just want to add that I've seen two different colour variations of this pet so far; a light blue and purple, and a brown. 

I saw what I thought to be a Frosty update, and I really like how he is now :<< But the rest are so awesome

I was on another quest to get up there and found some useful info to get up without an albatross (courtesy of Nyctalops on WoWhead):

 

Swim/run North East of the Island close to the red lake, far enough out to get fatigue, then mount up on a flying mount and fly upwards then towards the lake. You'll eventually get dismounted, but if you have slow fall/goblin glider etc you can float the rest of the way in. 

 

 

Also seems to run on a 45min spawn timer.

 

 

Hope this helps, happy farming!