And we're all entitled to our opinions. Neither one of us are clearly wrong, nor clearly right. It's just a matter of perspective. From my perspective, as well as from general audiences nowadays, I can see the new design as something to please everyone, a bit of old, a bit of new, not perfect but far from anything close to being bad.
And given the media it's in, it's a very natural progression of design. Compared to old versions, this one gives a nice callback to fans, whilst still offering something non-fans can sink their teeth into. You can't really do much else with the basic Godzilla template and still call it Godzilla nowadays, but I, personally, felt that Legendary's attempt is one of the best representations, especially being an outside creator and not Toho.
I do quite like the old suits, but for me, the spectacle of Godzilla lies in the fact that despite any changes made, the approach done, as long as you keep the core aspects the same, you can never truly mess up Godzilla, and there's something for everyone. New, old, we all can like one or the other and it'd be okay.