Actually, yes. Now, I will say that Bale could have easily worn a more faithful costume (I think Bunk's concepts from back in the day represent the ideal balance between the classic costume and the nature of the Nolan films), but not this particular costume.
It's the same reason The Wolverine went off the rails for me when suddenly a giant robot samurai appeared at the end. I've got no problem with robo-samurai, just like I've got no problem with to-the-letter comic book costumes--but a robo-samurai did not belong in that particular film.
I think this costume would stick out like a sore thumb in the Nolan films. A costume somewhere in between, though, would have been fine, and infinitely preferable to what we got.