Its early and all the colors aren’t out yet, but I thought I’d start one of these to see what people are coming up with!
Here’s my current team:
Team Hulk
http://img.tapatalk.com/425746ee-8a01-1cad.jpg
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that Hulk team is boss, I would just change Hugo’s shirt back to white, make his shoes normal, and make his pants that purple/lavender color like the Hulk’s original pants.
Poison she hulk is really cool though, i’m gonna copy it.
I’ll post some of mines later.
is there a purple? I’m color deficient
EDIT: pale colors are really hard to tell apart. I can see the brighter ones fine though
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I’m barfing at a lot of these people who keep choosing the glow colors as skin color. HOT PINK RYU OH YEAHHHHH!! 
Ogre with neon green skin shading is amazing.
it shines instead of glows, and its only on certain parts of his body.
Lets see some pics! It makes it more fun! 
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I made a Dudley outfit Balrog and Steve. Old school Cody for Guile. Mango Dhalsim. Oni. Pink Bison. Violent Ken. Evil version of everyone.
This is too much fun.
These aren’t the only ones I did, but they are IMO the most interesting looking
Keep in mind these look way better in game, and the quality of an iPod doesn’t show them any justice:
Blue Ogre(lol pun) using the regular blue, pale blue, and a neon Blue tribal tattoo
Spoiler
http://i170.photobucket.com/albums/u243/Clievile/IMG_0605.jpg
The one i’m mainly using, its the blonde color than came in the pack as the main skin, and the dark green as the secondary skin color, and the neon green for the tribal tattoo, the armor is the default armor and the hair is P2 hair.
http://i170.photobucket.com/albums/u243/Clievile/IMG_0606.jpg
The cool looking shiny skin, I used neon green as the primary skin I think(Ogre’s skin is 2-toned like Seth’s so you can do some cool stuff with it) it shines instead of glows for some reason which is cool, and the other skin is his default green, the hair is the new dark green, the tattoo is dark green and the rest is default.
http://i170.photobucket.com/albums/u243/Clievile/IMG_0604.jpg
Bob
http://i170.photobucket.com/albums/u243/Clievile/IMG_0609.jpg
Demon Zangief
http://i170.photobucket.com/albums/u243/Clievile/IMG_0608.jpg
King
http://i170.photobucket.com/albums/u243/Clievile/IMG_0607.jpg
Y’know, I wonder if the people who make those color edits even think they look good or if they’re purposely trying to annoy people. I made a neon Ryu to annoy people but I don’t think I can bring myself to ever use it since it’s so bad.
I made Cammy and Ryu with more SF2-esque shading. I like it better.
My team consists of charcoal or neon skins lol.
I turned Vega into Zarbon from DBZ…
Here are mine:
Juri’s swap and Yoshi’s main were especially designed to make eyes bleed. 
edit: hhmmm… might change Juri’s swap skin to red just for lulz.
Iron Man inspired
http://img21.imageshack.us/img21/4738/98673455.jpg
Spider-man inspired
http://img214.imageshack.us/img214/1642/74098030.jpg
Magneto inspired
No pictures but made Steve = Ippo.
Very cool! Love the Iron Man one!
I gave everyone in the cast Gen colors.