It seems to get a lot of hate on the internet. I actually think it's not bad, certainly an improvement over the old one. I really like what they did with the cheat line, and the dotted area towards the top of the tail.
What I don't get it is why they thought this baby blue on the tail was an improvement over the old gold-ish colour. As far as I am concerned, it isn't at all. But then, LH didn't ask me, so why should UA...
Still, overall, not bad.
Edit: here's a picture of their new c/s:
Yes, the new EU copyright directive is that stupid.