Supposing you add the changes to the head too, yeah, I'd say the new body is better. The hands are perhaps a bit too long, but not excessively so.
The only issue I have is with the uniform texture, I liked the first (duller) green better. If it's just the lighting in this particular screenshot then please ignore.
Also, I'd go for the standard male gray for boots and waistband. Reason being the same as for the shade of green -- you don't want colours to be too bright -- plus it would look too different from the male model.
How would the female model go with the human addons (armor etc.)? Do they also need modelling or do they simply go over the basic model?
Other than that I see no other issues. Provided we can get our hands on a set of female taunt + softer grunts, I'd be happy to see this appear in Trem as soon as tomorrow.
Naturally, it would be good to hear a woman's opinion as well, after all they're the ones who are supposed to be using the model.