Paint job is good, but eyes are so far back in the head, they are hard to see, plus the eyes need some dark paint around them so they will show up better. Easily fixable issues if you are so inclined. figuremasterles did a repaint of the p2, so you might want to search for his repaint to see how much it can be improved. I'm very satisfied w/ the paint on the face, don't let that be the deal breaker, too many other plus factors.
I really like the figure...articulation isn't limited due to armor as w/ the AVP preds, body is more muscular vs. wolf (wolf almost looks anemic standing next to p2), detail is on par w/ all other preds imo. Given accessories like the alien skull, and the spear is awesome, too, I think I like him better than wolf...wolf is a nice figure as well. And the blood paint is hardly noticable. I don't own elder, however, so can't compare the two.