I know I have to wait until I see the full movie but the screen shots and clips that I've seen so far are not making me a fan of the makeup. I think they are definitely clearer on the Cullen's emotional/hunger state with the eye color but they just look crazier to me. In addition, Jasper and Edward's hair? Hmmmm... Again, I may be judging prematurely BUT from what I've seen so far, they just don't look as "beautiful" as they did in Twilight.
I like it better than Twilight makeup which seemed way to low-budget and pancake-like. I even remember laughing at some of the really bad makeup moments, like Esme's hairline in the kitchen scene. NM is definitely more professional. And I LOVE Edward's hair.
Okay, now that I have seen it twice, I think it is better than the first one. I think they look a little more vampirish namely in the eyes. I like how she differenciated the different vampires by their eyes and their stages of thirst. I like how this color was still the amber color but closer to the red and the make-up around the eyes accented that.
I liked the makeup much better in New Moon, than inTwilight. The stark white vs. bright red lips of Edward in the first movie really bugged me. And I agree with oshun55, I loved Edward's hair!