The yellow rectangle would be there as it is part of the Camp Quality branding guidelines for their logo placed on a multicoloured background... Its common practice for companies to have a set colour background for their logo. So if we are happy with Camp Quality to have a place on our jerseys (which personally I am, anything to get the Dogs positive press after this season's debacle is a good thing, and it was a great initiative for Barcelona FC and Unicef when they tried it) then you have to accept the yellow's gonna be there.
As for the actual design/cut, I'm not a big fan... The round collar is a poor look, and why you'd want a design that is a massive reminder of Rugby League's darkest year in recent memory (the Super League War) is beyond me... But as long as the players show some pride in the club it represents when they put it on, then I couldn't care less what it looks like...