When I first saw the character I immediately thought of Street Fighter IV as others have stated. I sorta wish that there wasn't any update or atleast that the update wasn't this lackluster. Granted if they didn't the E3 hype train would've been in overdrive. I'm not too much of a fan of the model but I only really care about how Ryo looks. As long as they nail the main cast then I'll be fine.
Reflecting about them no showing at PSX last year I figured with a extra 6 months we would have atleast gotten a trailer at E3 if the game was still on schedule. Or a updated Ryo model.
Oh well even more intrigued when and what the next update will be hopefully it'll be something more substantial. On a future update I would enjoy it if they talked about their weather system and showed that off.
I Also expect the character to look better in the final build with the game firing on all cylinders.