FWIW, I finally got one of these... and it's OK.
To be fair, it isn't exactly the same as the Bayonetta body - the design has been improved, and even if only slight, it is an improvement. Comparisons, then: the skin seems a little thicker (although if it tears/splits as easily remains to be seen), the 'shine and stickiness' of Bayonetta's skin is thankfully not present here, and the grey 'pallor' and translucence of that figure is also less obvious. Happily, the seam lines are also less obvious in hand, but how they photograph is a question for another day. There are however a few noticeable 'holes' or if you'd prefer 'indents' along the seams, near both wrists and neck, that clearly happened as part of the mould sealing process.
'Details' are not particularly explicitly rendered but are all present and correct, for those who care. The 'veins' that are being complained about are hardly noticeable but IMO they're actually a nice realistic touch (how durable such detailing is is an unknown for now). Compared to Bayonetta, the overall design of this body is somewhat less 'cartoonish' (although the bust is still unfeasibly 'pneumatic').
The hands and feet are nicely-sculpted (much nicer than anything TBLeague or Jiaou can manage, certainly) BUT there are only two pairs of hands, AND both hands and feet are a total pain to attach - made of very hard plastic, the sockets are incredibly tight and it took a LOT of heat to get them malleable enough to attach to the pegs. Then, to add insult to injury, the sockets also seem to be too shallow and somehow the hands seem to just pop off again all too easily (tired of the struggle, I've replaced them with some nicely-matching loose hands from elsewhere). On the other, erm, hand, the feet are very tight and as a result (so far), the figure is very stable on its feet - which for me is a big plus.
Head matching: so far I've only tried a Verycool Shadi head, and it's just a mite too dark (but as this body is the medium tone model, I imagine Shadi will be a better match for the darker body).
My only real problem with these (aside from attaching those hands and feet) is the lack of design variety so far (a limitation they also share with ANT bodies), which hopefully they'll address with future releases. As I said earlier, I don't think they'll replace TBL's range in anyone's affections but I already prefer them to most Jiaou female bodies, if nothing else.
While these will obviously be compared with TBL and Jiaou bodies, I think their nearest equivalent/competitor is actually the ANT female figure. But although the ANT figure is also hampered by problems with its hands and feet - this time colour matching and foot stability - and an overly-long mid-torso, it wins out easily in cost. An ANT body can be purchased for as little as £20/$25, while this VC body costs nearly three times as much...
EDIT: Just taking a look at the packaging, and I think the "R 18+ - RESTRICTED TO 18 AND OVER" logo on the side of the box is how VC might be attempting to get around the new 'censoring' rule. But if it's that easy, why aren't TBLeague doing it?