I agree that he has to look like He-man. But I feel they could do something extra. If they want to go with the fakerrobot story line as they did with the first toy, they could do something special to look inside where they used to place the sticker.
They could also go with the cartoon magical creation identical to He-Man apart from glowing eyes and give bhim those glowing eyes like the lion-o toy had. But I personally don't like this option.
But I do agree that faker should look identical to He-man. That was the whole point.
I really dont think he looks that bad, but he is just to early in the line when he is just the simple repaint he is now in my opinion.