Might be a minority opinion, but I don;t think the building looks much worse. But then again, I thought the second iteration was looking pretty bland already with the thinned out cross beams - and the blank north/south faces. At least they beefed up the remaining diagonal pieces - the n/s facades might actually look better in this iteration.
For me, #1 and #2 were always the stars of the site. I'll keep my fingers crossed that they end up building #2 without screwing the design up.