That's hideous, but strangely appealing.
Looks like they're going ALL THE WAY BACK to the old Eastman & Laird concept art. IF this is legit, which I doubt it is.
I think the best live-action designs were the ones in the second movie. Yeah, the heads were too big, but that was a constraint of the design (somebody's head + lots of moving parts in there). If they went CG, they could shrink up the noggin. Don't know if I like the overly scaley look, but I'm definately interested.