It feels dirty to say, but I'm loving the look of this guy! He may be the first 3rd party figure I buy in a long time.
I'd love to see what this guy would look like repainted as G1 Prime or BW Megs.
Edit: Here's some quick photoshop jobs.
I must say the Optimus does look pretty amazing. Megatron is a little boring. He's 95% green. Maybe with a little more purple?
Hmm....better. But I think the devil is in the details. More than I can do in 5 minutes in Photoshop. I think if they really wanted to do a gator Megs repaint, they'd have to do a lot of detail paint work to make it pop. And of course, both would greatly benefit from new heads/headmasters/faces.