Now I'm as grateful as anyone for the recent change, it's great being able to see my own armour now but the new effect is way too distracting and if I'm to be honest, I am envious of the Bound Aegis animation, it's really cool.
Here's a screenshot:

You can see that there is a purple wave effect in the bottom left hand corner of the image, it goes in and out constantly when the effect is on, long and short it's in the way and the effect at the bottom of the screen, whilst more tolerable, does get in the way as well.
I think it would be much better to have the weapon glow purple as well as your person, that way we could get a visual indicator without the screen effects in the way and it would look way cooler. Please, please make a change.