If (I guess more like when, sadly) my Xbox dies again I'll probably pick up this new version as long as seems solid. I would think that with all the money it cost them to fix the red-ring issues the 360s have had, that this new version would be built with avoiding those hardware problems in mind. God I hope so.
We got an amazing game for $40 brand new. Boo hoo. Costumes and aesthetic stuff is extra and non-essential. If you don't want it or you think it's too expensive, don't buy it, it's not integral to the game experience.