Just by comparing the renderings to what we have now, I'd have to say that I'm happy they went with the second one. Obviously we mostly agree that the building is a little more squat than it should be. The renderings seem to show this building a bit more elongated than it is in reality. If the design in the old rendering had been built, it would look a lot fatter and stubbier than it does now.
Having said that, I still wish it were more red than brown and the lighter stone on the lower floors was, well, lighter than what's there now.