I'm actually not wholly opposed to the Kryptonian look they have going on in the midsection there, but I feel like there is a serious missed opportunity to incorporate the shield and bring the red and yellow into the rest of the design. Would have liked a larger yellow belt (Red belt is bad Jim Lee, do you hear me?) but really even a bit of that alien piping around the shield to bring it all together would work fine. Right now it kind of looks like he pasted the shield on top of a Kryptonian suit.
Surprisingly, it doesn't look like the suit is actually all that thick, since we can see vascularity through the suit on his biceps and forearms. I suspect the only place they did any 'filling out' is on the abs where definition is hard to accomplish with something so tight. Looks like they've given it a rubberized coating or something, but I wouldn't be surprised if it is just as thin as the last few suits.