http://imageshack.us/photo/my-images...ultbehind.jpg/
Very tired, so bear with my rambling..
Though the models currently look better in game than these screenshots, my initial concerns with the models were mostly to do with vanu - some body part sizes. Above is one example where the characters thighs and bum looks strangely small.
I have some personal feedback on the vanu armour too. Its very minimalistic (plus I probably haven't seen customisations) but I like the more plate armour style, like the heavy assault has or as seen in screens of the PS1 Vanu armour. Less Star Trek and more crysis/mass effect style I suppose.
I also think that it would be nice to see that interesting alien green sheen (like a beetles back or the bird image below) on purple vanu armour, rather than just green or purple armour. This seemed to be present in PS1.
http://imageshack.us/photo/my-images/843/vanubird.jpg/
Just my two cents...as they say.