(I'm sure everyone's well aware that these are a work in progress model. I don't see anyone getting overly upset in here so I don't think it's necessary to be constantly pointed out. Blizzard has asked for feedback and it's good to look at anything at this stage, even if it might be getting fixed or changed right away!)
My poor, poor Veph. I'm more disappointed by the female update than I was expecting, even though the Artcraft preview had me concerned.

Posture: The updated females now hold themselves at a slouch, with a constant head tilt and their hip thrown to one side. The original stance looked proud whereas the new one just looks...lazy and uninterested. And the new idle animation is rather terrifying, their necks look like they're about to snap.
Skin tones: The females seem to have lost quite a lot in their range of colours. The palest shade is no longer an ivory and is noticeably darker with reddish tones, whereas a lot of the dark skins now look lighter. The males don't seem to have this problem so I'm hoping it's an easy fix that'll come along in later stages, but it's rather off-putting at the moment.
Hair: Though overall the hairstyles are looking pretty good, there's a few specific ones that have issues (most noticeably the elaborate updo mentioned earlier in this thread, though I'm banking on that being a glitch of some sort hopefully), I also find hair colours are slightly off. The black looks a lot paler now than it used to. And for me personally, I'm not a fan of the revamp of Veph's hairstyle. It looks so messy and unkempt now, with jagged uneven bangs and a "poofier" look. The hairstyle always looked sleek and refined, with more of a Bettie Page vibe which is why I loved it. The human females still have a good version of it, but the new blood elf one gives off such a different vibe. :c
Face: And the worst offender, for me personally, is what they've done to the faces. I know we don't have all of the options for them yet, but as they are now I'm still not a fan of the direction they're going with the shape. They're far too elongated now, and the jaw is still suffering from the horseface look that was apparent in the Artcraft preview. I think the chin needs to be lifted and the gap between the mouth and the nose shortened. I still find the eyes too large and vapid, and in certain expressions they just look plain bug-eyed.
A good example I found of the weird face/jaw thing:
Anyways...those are my biggest issues and not an exhaustive list, I just fear being even more nitpicky with more. I'm really hoping the additional face options in the future address a few of these concerns, but I'm worried because as she stands now, this is not Vephriel for me, and it's really hard feeling such a disconnect from your main character.