I like it. Side art is great (better than the original IMHO), and the button layout is much neater too.
I'm building a TMNT style 4P cabinet next, so this will serve as great inspiration.
My only comment is that I find 4P cabinets with 6 buttons for the central players to be a bit too much. I'm going to try and squeeze in 4 buttons per player so that I can run games like Dungeons and Dragons, but that's where I'm going to stop. I think more than that is Frankenpanel territory, which I find ugly.
And hell, if your cabinet doesn't play the games you want, then that's just an excuse to make another one later.