The Chest emblem is pretty awful. If his initials were "TP" then it could work, but then who really wants the initials TP? Not a huge fan of throwing on so much black...it's like the safest thing you can do to a design instead of being creative. The yellow pieces on gloves and boots look like a first idea (bad). And no Pointy arrow on his head? That's like his biggest trademark!
I doubt this look will last past the artist who "designed" this.