@ecstaticgrace: no, rune king thor is a very different incarnation. Rune king thor was the result of thor sacrificing both his eyes to unlock the ancient asgardian Rune magic which he then used to destroy the powerful forces that locked the asgardians in the cycle of Ragnrock.
Thor pictured in my post is King Thor from the Standoff through lord of asgard/lord of earth story arc.
Brief history. Thor becomes more involved on earth, people begin to worship him as a god once more. He begins to interfere in the worlds internal politics leading him into conflict with the avengers. He defeats iron man's thor buster armor, dents caps shield and tears the ground asunder to defend those who worship him. Some time later Thor brings asgard over new York, to better serve his people. The world sees him as a threat and attacks asgard. Many explosives are used and asgard crumbles down on new York destroying the city. Thor loses the power to weird mjolnir and Donald Blake who had been split from him picks up the hammer to fight thor. Thor destroys him with the Odin force sending him down his dark path. Thor is attacked by all the forces of earth and he kills them all, losing his arm and an eye but still victorius. Hundreds of years go by before thor struck by his conscious and his son magni turns back time and undoes the choices he made, keeping the knowledge of what happened and the son he would never have, known only to himself.
While the universe that split off for lord of asgard is not 616, king thor is 616 and returns the 616 universe prior to him bringing asgard to new York. This took place almost directly prior to the thor disassembled story, where thor becomes Rune king thor and effectively kills himself until he is reborn years.
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