I absolutely agree. The new steg is horrible. I was considering buying it since it's on sale at my local store right now, but I just can't get past it's rear-end. I'd take another 5th edition one any day.
COLLECTING
Our new Kroxigor models are pretty awesome, IMO. I'm glad they went back to the older style krox. Those snake-looking ones really didn't cut it for me. Kroxes are my favorite units, lore-wise, so I am glad they made them look beefy again.
So we have a few awesome units and a few ugly units. New Terradons, Cold Ones and Steggies are probably the worst. I expect at least 2 of those to change whenever we get another update. The new saurus (with or without the crest) and the skinks are great though. Plus they can be modded fairly easily into unique models, particularly with the new Temple Guard kit. All sorts of goodies in there. Skinks don't always rank up so well, but I use them as skirmishers. No big loss there. Oh, and the Carnosaur. Those are cool. I have 2
Along with collecting comes our color scheme. But wait! We are lizards! They are all sorts of colors! Pick a couple of your favorte colors and go at it. Plus if you have different colored cohorts you can argue that they are different spawnings bred for a particular purpose, possibly from different temple cities under a united cause.
Also, there are tons of 5th edition LM on ebay if you don't like the new models. Proxy the skink archers as blowpipe skinks. I tell people to pretend they are super-short bows and the skinks load up two arrows at a time. No one I know has had a problem with it.
PLAYING
Everyone else nailed it. Well rounded army. You can pretty much pick your favorite tactic and the LM have an answer for it. Cannons and gunlines excluded, to an extent.
Our named characters are bleh at the moment. You can build your own that are very competitive though, so that makes up for it.