No, that crotch seam straight up the middle is just no good.
This suit probably would have been a decent opportunity to introduce some classic trunks to the suit. I'm sure with the way he's leaning over that bike, his bat-groin could use a little extra padding and protection.
The colour-scheme doesn't look so dreadful under brighter lights- but I still don't like it. Day time Batman is lame.
Those hips are just ludicrously wide and the oversized chest plate and cape position make his shoulders look too narrow.
The design is simply a fail in every way unless WB are mandating their figures now more closely resemble the average 50 year old male to promote body positivity.
I think HT repurposed the body from their soon-to-be-released "The Duchess" figure from Mando Season 3.