Faora's outfit looks similar to Superman's other than the color. I guess the intention is to associate the way he dresses more directly with his Kryptonian background, another thing which the upcoming reboot is apparently going to do.
There's always been a bit of Kryptonian fashion-sense implied in Superman's outfit over the years. But it was more overt in Mark Waid's "Birthright" where Martha based Clark's outfit on the images found on the Kryptonian iPad found in the rocket. Waid also took it one step further and had little Kal-El wrapped in the national flag of Krypton, where the S-shield was the national symbol of hope rather than just the El family crest.
And all the Kandorians in "All-Star Superman" wore clothing similar to Superman's uniform. Jimmy even attempts to ape Kryptonian fashion by wearing blue trunks over his pants.