I liked how cheesy and fun her Critical Art was. I was not sexually gratified by it, as some are suggesting people who liked it were, I just thought it was the right amount of cheeky (pun intended).
If they are going to change it, and for the love of God they should be spending WAY more time on Gief's Critical Art, then they should change the butt slam at the end to being twin drop kicks and cover her ass with a little more clothing for the slap. Those changes would make it as good as the original (or at least close) while being less sexually provocative. As is right now, it looks pretty awkward.
Keeping this hobbled version of her Critical Art obviously won't "ruin" the game, or even really hurt it, but taking away tiny bits of fun doesn't exactly make me (a fan) happy either.
Stop being weird, Capcom. Fix the problems that actually exist.