The outfit is MEANT to look a bit tacky/rubbish, it's pretty much what happens when a blind man grabs a bunch of clothes. I know all the super sense stuff but he's not got the whole Daredevil persona down yet if they are following the Man Without Fear plotline closely, he's just another vigilante wearing black and with his face obscured. When's he becomes Daredevil, he'll look like Daredevil.
Also, anyone else really, really psyched for the new Kingpin? Sounds like he could be amazing. It's about time Loki was joined by another good villain in the Live Action Marvel realm.