Very nice new corperate face is the only real exterior justice on this car. But I'm sorry, I have to say it, Ford Edge. The Edge and Pajero have a far too similar face, which was a carbon copy of a Toyota in the first place. Headlights are near identical, and the Edge only differs with it's extra chrome bar and badge from the Pajero. Just had to say that.
The little three-door Pajero looks fantastic. What a great looking little SUV. The front looks cool and the whole body seems to adjust well to the new three-door. I will say thought that the back is typically boring and unimpressive. I'm not a massive fan of how the new face has adopted to the 5-door wagon though. They needed more of a change there. But they have made a qunatum step up with this new dash design. Looks like it was apart of the origional design and not a tackey add-on. It needed more 'freshening' on the sides and back though if anything. Personally, I feel the Prado is a much more resolved design than this still.
The reason the Pajero is pretty much similar is because Mitsubishi don't have the money to develop an all new car to which its segment is dieing out slowly. Economics just wouldn't allow and all new Pajero.