It is very colorful to say the least. Very arcady.
I don't mind a bit more color in Elite's HUD, but I hope there is a modest middle ground, because this hurts my retina.
The reason I've posted it here is that I wanted to make a comment about the potential for improvement in Elite Dangerous' art design and direction.
Of course there is always room for improvement in ED as much as in any other game. But I also feel this game is not at all the right example.
It is perhaps a nice game in its own right, but it's art style does not fit in with ED at all.
If you want more colorful ships then you can rest assured you will get that as the skins in newsletter 30 show us.