210.12 (4) is a little ambiguous because of the wording. "A listed outlet branch-circuit type arc-fault circuit interrupter installed at the first outlet on the branch circuit in combination with (I'm ok so far) a listed branch-circuit overcurrent protective device where all of the following conditions are met". It doesn't say they have to be listed with each other or go together so up to this point it looks like you could interpret the code to allow a regular 20A circuit breaker that was listed for that panel and then a listed arc-fault circuit receptacle at the first outlet. But then we look at the conditions to be met. The conditions in a., b., and c. about continuous, distance and marking the first box are self explanatory and easily understood. So far a regular listed circuit breaker and a listed AFCI seem to be permissible. Condition d. is where the problem is. "the combination of the branch-circuit overcurrent device and outlet branch-circuit AFCI shall be identified as meeting the requirements for a system combination-type AFCI' (there is more). Well a combination AFCI provides overcurrent protection and arc-fault protection. A regular circuit breaker and an AFCI receptacle at the first outlet do the same things. So far I could argue that means we could use a regular receptacle and an AFCI. The rest of part d. states "and shall be listed as such". Now it has been said that there is no such listing now and that is correct. My point would be that there never will be other than if SQ D, for instance, puts a stamp on its 15 and 20A circuit breakers that say listed for use with AFCI receptacles. They aren't going to invent anything new that meets that requirement any better than just putting a listing stamp on a regular circuit breaker. It makes no sense to make a special breaker that provides arc-fault protection have to be listed to go with a receptacle that also provides arc fault protection. That would be like putting a GFCI breaker on a circuit and also having the first receptacle be GFCI and while we are at it lets also have all the other receptacles on that circuit be GFCI.
So, if an inspector is thinking thoroughly thru this wording he may come to the same conclusion as I did. A regular circuit breaker and an AFCI receptacle at the first outlet should be acceptable.