I completely agree. The original Captain Marvel is one of the greatest characters Marvel ever had. His best stories are still classics. It would be a travesty for such an interesting and compelling character to get lost in the race to get Ms. Marvel into the film universe.
I think the costume upgrade was all about giving Danvers a suit that isn't as exposed as her previous one was. They needed to de-emphasize the cheesecake factor and position her as a serious hero. That is essential if they are planning to introduce her in the film universe. Not saying she wasn't a serious character in the past, but the "sexy swinsuit" costume detracted from that.
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Agreed. The lines on her chest remind me strongly of the top of Wonder Woman's costume. Other than that, it's fine. (Thankfully they lost the '70's prom night-style gloves.)