The final vote for Mega Man Volnutt's design in Legends 3 has commenced. http://www.capcom-unity.com/devroom/blog/2011/05/19/mega_man_suit_design_vote_-_decisive_round
"E" looks really slick to me and I think a fresh look after an 11 year hiatus would be appropriate. "D" is definitely gonna win though, which is fine too.
I really don't like either of them. E offers no midriff protection and the jockstrap thing on the other looks silly.
I like my characters to make sense, though it is true that MML1&2 featured a design closer to D (that I can remember).