I too was pretty psyched about this toy when it was first revealed, as I had all the Aerialbots when i was a kid! But, apart from the colours like you said, i'm not a big fan so far.

With the original, you're right that his wings folding back was kind of distinctive - this one has it reversed i think? In the original, doesn't the nose end up pointing down, not up? I really don't like his zig-zag style wing! Perhaps the zig-zag effect is to simulate a lightning bolt zig zag? Lame if so :P