I was kind of put off by the new look of the characters as I felt the anime aesthetic gave it some personality. (it's also helped the games age well) But i've gotten used to it, and technicly the game looks great.
My biggest problem is with the "Power Blow" & "Cliffhanger" implementations. The thing I like about the DOA series is it's never had to rely on gimmicky supermoves, which get old fairly fast. But as long there's no projectile spamming i'll be happy. That's one thing that makes me prefer 3D fighters over 2D ones. (As much as I love MK, I cant stand that shit)
The dust effects when attacks land and the english voices kind of suck though. Also the whole 'action cam' or whatever it's called is unnecessary. Thankfully these can all be turned off though.
In conclusion, after NG3 i'm skeptical. But they seem to be listening to the fans and it looks good so far so i'll give them a second chance.