Nice drawing, Mikephotos! It remindes me on the prototypes of new airliners. They're featuring the tail-logos of the launch customers on the fuselage. Nice one!
To the main topic: I think that the leaders of the Star Alliance take another step to build up a strong brand. The planes with the new livery will look pretty the same - no matter what airline is operation them. The small logo on the front section of the fuselage will not be noticed by passengers. They're flying Star Alliance then.
I wonder whether they will continue to integrate all liveries to one single group identity. They already did some moves into this directions. Furthermore, that wouldn't only cover the fuselage design. Also in the interior of the plane, they could introduce a Star Alliance cabin with similar features and products for each airline, just with different logos on it...
Will be interesting to see where that leads to.