The scaling of the boxes in this picture is a lot better than the new menu from E3. Overall, the E3 menu not only feels like it takes up more space, but the top bar specifically takes up a lot of space when you consider how small the words are. The top bar is like a briefcase with a dollar bill. It doesn't look right. At least with this menu, the boxes are in proportion. The style of the E3 menu is bland and could be tidier. If I had the option, I would not choose to stick with the new menu.
IMO it looks soulless. I don't see how you think it looks fancy. No offence. It lacks a sense of style. It isn't that it looks bad and it gets the job done, but aside from the information box on the top right, I feel that it's basic. Not even dull, just basic.
I can understand how its simplicity is appealing as I prefer simplicity over something complex like the menu screens in FM6, for example. But with FM6, at least it tries in the style department. This new E3 menu is great in keeping with the background and I totally prefer the background to the lack of one in GT5 and 6; not being able to pick a background was a horrible idea.
Maybe if we can alter how it looks by simply changing the size, color and even slightly different styled boxes. That sounds like changing everything, which it is to a point, although the positioning and options are more than fine. Points for the idea of keeping it simple, but that seems to hurt it as well.