I think the new livery looks much more "purposeful" than the old one, nice to see the arrow finally pointing the same way as the aircraft! I would say though that it would look better if the point of the arrow on the tail was not cut off.
Having seen the 2 liveries side by side @ BHX recently, I have to say I perfer the new one.
In the press release at;
The airline made the point of stressing the new name was British European, and that it would not be shortened to BEA or referred to as British European Airways.
BE operate a large fleet of BAe146s (-1/2/300) alongside CRJs and Dash 8Qs (-1/3/4) which are replacing F-27s and SH-360s. The 8Q-400s haven't been delivered yet.