Let's take a closer look.
Starting with the first photo from the top left, we have the general overview of the bear. The color's not terrible, a nice, golden brown with some darker brown streaks. You can see a little bit of strangeness to the body, but most noticeable is the weird slope in the back. I'm pretty sure that if their backs were level it would make them look more natural and probably cause the front legs to look less awkward and buggy.
The second picture is a close-up of where the right front legs clips into the bear's stomach. This was originally pointed out by another person in this thread and is quite noticeable after it's pointed out to you.
The third picture is a close-up of the split the lip does going up to the bear's nose. Not real sure why Blizzard let such an obvious design flaw make it through but such is life. You can also see how the lip pulls away strangely from the teeth to try and resemble a snarl.
The fourth picture is of the tail area. You can see a weird glow map directly underneath the tail as well as the weird triangular flap of flesh.
The fifth picture is to show the awkwardness of the arm movements when the bear rests. Another awkward arm movement can be seen in the picture of Fiona taming Honey--because you can't see the arm bending properly (and I don't think it does) it looks like her arm is breaking as she swings at me.
The sixth picture is a side view of the face where you can see how the eyes are sort of a strange color compared to the black and dark brown bears. It also shows you further how strange the "snarl" is (female worgen inspiration anyone?).
The last picture is the strange way the wrist looks when viewed from the front. Almost as if Honey doesn't have a wrist at all.
Bear animations are pretty simple. When idling they'll occasionally swing their head from side to side and do a silent roar. While swimming they bear paddle. They have a very lopey, sort of bumbly run, likely caused from the slope in their back. Bear sounds are befitting of them in combat--they grunt and roar--nothing too annoying.
I apologize for the combat pictures looking a little meh; I could not get a screen of the bear casting demo roar for the life of me; you can just barely see it on the right picture. Cialbi has some great shots of it in one of his reviews.
Bears make adequate tanks; demo roar reduces the physical damage of enemies within melee range of them by 10%. This means your bear will take less damage as well as help them generate some AoE aggro. Their damage out-put is decent as well. Ruffley used her bear, Riff, to solo Deadmines; I found that even with Demo Roar he struggled holding AoE aggro even though I was only attacking his targets so at low levels they're not necessarily super efficient, but still a nice choice of tank pet. Plus, they eat everything so it's easy to keep them happy until you get your hands on the glyph (or when 4.1 comes out).
Despite the glaring flaws in the bear model, Fiona will be keeping Honey. I'm gaining a better appreciation for bears as pets after they lost swipe and I feel like this skin is pretty under loved. I actually think it's a rather pretty looking skin and I like the way Honey looks with Fiona.
Ruffley's report to come soon. Hope you all like the new formatting.
This screenshot was with both Taunt (the red lines above the bear's and the dummy's heads) and Charge (the red shading of the bear and the ground animation for Demo Roar) being autocast with Demo Roar
The shot that you're referring to is my favorite of those three. 
Umm, wrong way there, Cyanide. *grumble*
