Capcom dropped the ball. Completely. I mean how do you go from Chun-li's look in SFV (which frankly has its own problems) to this... thing in MVCI? Capcom dropped the ball.
Granted, sure it is still in its developmental state and there are still chances of it looking better than it is now. But, there is problem: The game is meant to come out later this year. The chances of things working out for MVCI are starting to look a tad slim.