That style reminds me of Street Fighter Alpha. I'm not a fan of the character designs in that game for the new characters. Even so, some of the characters look interesting. But not all in terms of clothing designs.
In Alpha, one guy looks like a football player with Sai weapons. Another guy has a weird hat on. Good luck keeping a hat from falling off during a fight. Then that giant guy with the giant mustache. Then the guy with the collar way up and the giant lock of hair in front.
To me, not great character design compared to the original classic characters.
Match the style of the sprite based Super SFII characters with new characters. This seems like an extension of the Alpha style.
I like Street Fighter but also would like to see more games that don't require tons of flashing special effects every time a guy throws a simple punch. It's like every move has to be a major event almost.