Anyone expecting the oval to be used in this iteration of the franchise is dreaming. Understand that this is a matter of branding: the oval symbol was created to unify all Batman related-material under a single, recognizable brand. This is why that symbol has, until now, been found on merchandice, movie posters, and, of course, the costumes in the films.
Now, I realize some of you are going to say "that's why he should wear the oval," but that's not where this track leads. As always happens, the visual identity of the brand has become too familar, or too stale. Worse, it is now associated with with an outdated, undesirable product (Batman Forever, Batman & Robin). As such, an updated, modern, and fresh identity became necessary. Hence, we have the square-winged Batman Begins symbol.
Now you may say "Oh, but it's not recognizable!" Well, that's a non-issue. Recognizability is
always sacrificed when a new brand is designed, but it is a necessary sacrifice to contemporize the visual identity. Oftentimes, enough of the previous brand is retained so the average person can connect the dots and recognize the new brand (for example, anyone who did not connect the Begins symbol to Batman is mentally deficient). Take AT&T. Compare their
old logo to their
new logo. The brand has changed, but everyone would recognize the latter as being AT&T, even without the wordmark present.
To put it more concisely: recognizability is not a valid argument, as all brand images evolve, and anyone with a functioning brain will connect the batsymbol with Batman, whether it has the oval or not.
To return to my original point (that anyone expecting to see the oval is dreaming), since we have established that this is a matter of branding, it is extremely unlikely that you will see the oval for the sake of the new brand. Consider other high profile franchises, such as Lord of the Rings, Star Wars, or Spider-Man. The visual identity for each film in the series is always the same; the same icons, the same typefaces, the same visual language. For this reason, the oval will never appear on any promotional material (posters being the primary example) until the creative direction changes (for example, Batman Forever being a directional change from Burton's films). The square-winged Begins symbol will remain.
As it relates to the suit, the recognizability argument is downright
silly, because nobody is going to say "That's not Batman!" if he doesn't have an oval on his chest. Indeed, there will never be even a moment of doubt as to his identity, with or without the oval. If you think the oval should be on the suit, great, but this "recognizability" stuff is silly. If there is to be any change in the chest symbol, it will be to the square-winged symbol. If you recall, the costume designers said the square-winged symbol looked awkward on the curve of the chest, which is why they created the variation with bent wings. I hope they find a way around this, because I think the square-winged symbol is an excellent reinvention of the logo and would look great on the costume.
When it comes to the oval argument, personally, I just prefer the black symbol (Alex Ross variation, though, not the Jim Lee version that everyone around here seems to favour). Not because of recognizability or stealth or any of that fake garbage; just because I like it. If the oval made a return, I would be extremely annoyed. However, if a
circular version was created (The bat contained within a yellow circle, rather than oval), I think that'd be cool as hell.
Understand that this post is not meant to argue that the oval is bad, or not as good, or whatever else (my personal feelings notwithstanding). I am only explaining as to why it hasn't been used, and why it will
not be used in the near future. I suspect if it returns, it will be years from now when it's nostalgic value can be cashed in on (much like many of the choices in Superman Returns were made to cash in on fond memories of Superman: The Movie, the best examples being the music and title sequence).