I wonder...do you guys think Mattel actually had the comic guys do He-Man and crews outfits different like this to see fan reaction? You know, testing the new designs to see if they would fly in a new MOTU live action film? I could see it. I mean, they obviously wouldn't tell us about it, but I could see it. The more detailed armour would make sense (movie costumes are more detailed).
Anyway, in this picture...if the cross was red instead of yellow, I think I would be okay with the design in a film.
Also...I'm pretty sure the "creature" in the center (beneath the boat) is Mer-Man! He looks massive and freaking creepy!