It's good.
It's not INCREDIBLE, but it's good. I do like that Capcom is aiming for more grounded looks with the RE Engine era games, kinda helps sell what the engine can do with realistic materials, lighting, and such. Helps sell the tension by avoiding the "capable supermodel" look that I feel like this series leaned on up until this point. I mean, I liked that classic look of the series just fine but I think this does a lot more for the atmosphere and general believability of what this engine achieves visually, as well as the horror element of the gameplay design itself.
Speaking solely on costuming and not on faces, I never even liked tubetop Jill in OG RE3, pretty much permanently used alternate costumes after I unlocked them. I don't miss it as the default one bit here.