Seeing it in motion... I hate to be proven right about the cardboard cutout thing. Bigger resolution, needs more inbetweens. What can be said?
The new art looks better (at least the flesh tones do, and no double-jointed thumbs, alright) but I still fail to see how this is an upgrade from pixels in terms of movement and gameplay. If anything, they should have remade the pixel art at say, double the res, and with more in-betweens. That would have been a doable project at half the time, and it would have looked proper.