This is what I was expecting after watching Begins. I thought that movie started the Nolan franchise in the right direction; introducing an element of the mob in line with Bat villains (Ra's Al Ghul, Scarescrow), and I actually thought an all out mob warfare element would be introduced in the second film with Batman in the thick of it.
I was not really keen on seeing an old style movie with tommy guns, the old style cars, etc. But hey, executed correctly it could have been something good and may have even surprised me.
Penguin, although having been used as a villain before, would have been good as a Mob boss, along with Black Mask.
I still want the reboot to be modern like Nolan-verse and Arkham City. I have no problems with the latest suit/armor from Nolan as long as I see the mix of strength and agility (BatBale lacks agility in his action sequences IMO) in the action scenes. I would also like to see the proactive Batman who has a plan ready for anything that surfaces then add that to some awesome detective work - in short, a really intelligent Batman. Just watched Batman: Under the Red Hood and I think the story, action, emotions there are worthy of a good film.