Here's what I have so far. I'm trying to keep some elements from the original costume to the new concept. Color is not finalized, I'm thinking of light urban digicamo just to stay within the color range of his original white uniform. His gloves will also be red and the fingers will be covered. I'm planning on making a helmet with red deco on it to match the original's hachimaki. The shoes will have a split toe since the original Ryu was barefoot.
As for the two guns, I think it needs to be two really big guns so as to have the names "Shoryuken" and "Hadoken" visible as deco.
Any recommendations is very welcome.