I like aspects of it. I wouldn't mind some red or gold somewhere in the midst of the piping in the belt section, but that's minor. The shield itself is a solid design choice. It's hard to tell how the colors will read, since these are flat lighting shots. Snyder likes his filters, so it might look much different on the screen.
The only bit of piping I'm not sure about is around the cape, shown here
The sort-of bracelets are interesting. It kind of give him a Samson/strongman look.
Overall, I think he looks like a composite of many versions of Superman. As people have mentioned, there are hints of earlier versions of the character, as well as an obvious attempt to propel him into the future.