They could be worse! Sure, most of Splinter's snout is disturbingly pink and you can still see his little Fu Manchu mustache, but Shredder's armor is appropriately ridiculous. Also, the Turtles' weird noses are less noticeable on the figures (if they were even sculpted), and that's definitely an improvement.
In fact, my only problem is with the Foot Soldier on the bottom row. He looks less like an elite ninja and more like one of those generic GI Joe figures only drug stores sell. Look, Shredder, if you're going to duct-tape a hundred ginsu knives to youself and walk around, you need to dress your minions in something more menacing than slacks and a North Face jacket.