You know it's funny. I actually like the King alien design but don't like this. To me this alien statue seems really messy and not that elegant. The back pipes are too short and fatty, the legs are way to arm like, the head is messy, and the fingers seem to be way too long. Now don't get me wrong, the King alien isn't the most elegant of designs either. However at least it feels proportionate and it does have some fascinating features, such as the skull crest and tail. I own a King alien statue and, to me, its probably my favorite alien collectible.
I know that the Legacy team were trying to go with the alien design from the original storyboard sketches for alien 1979, however this statue just seems way too funky for my taste. Personally my favorite alien designs are the 1979 big chap, the unused HR Giger dog alien, and the Queen (which is partially a Giger creation as her hands are very similar to the hands of the alien in the Monster IV painting.