Nice yellow stripe down the middle. :D
If they're going to use the Lotus name (and obviously they are) and are going to use the old colour scheme, then I hope they do it in the spirit of Lotus too, not pimping Malaysia constantly and using the brand to get there. Clearly that's what they're doing, but all the effect will be lost if all they do is use a name and colour scheme.
Obviously too much of the Lotus way will mean much smoke, fire, wheels falling off and a car which will spontaneously turn towards a forest with no input from the soon-to-be-dead driver.
Seriously, livery wise it looks good, but I can't put my finger on what makes the shape look very basic. The Virgin car obviously looks basic in the wings and things too, but it's got all manner of weird curves in the chassis... from this shot, the Lotus looks very... square. That said, you can see some undercut sidepods, so I just guess it's a unflattering angle and clearly with a colour which doesn't help show the shape.