I like it. The slimmer one up top (which is the newer shot) looks much better than the chunkier one at the bottom of this article, looks like they slimed down the hand grips or something, it just looks better. Maybe it's just the angle. I still prefer the 360s joystick placement, but I guess we can't hope for Sony to adopt it since they are so entrenched in Dualshock legacy. I hope they improved the trigger shape. The joystick pads look much better, they always slipped off my thumbs on the PS3/DS3, I like the concave 360 shape better and this new one seems like the best hybrid.
The Touchpad and the Move color blob on top are interesting, not as crazy as the Wii U pad but that's good IMHO, more of the cost will go towards the internals.
Overall seems like a very positive change.
I wonder what Microsoft will do, if they will change it, or just let Kinect 2.0 be their input innovation for this gen while leaving the controllers alone. I guess a small touch pad like this wouldn't hurt it, but there isn't a whole lot else I would change about it.
I hope the final looks close to this fan render