That was the Silver Centurion armor though, something that had already been featured in the books. I'm not familiar with recent Iron Man stuff but I don't know what this abomination is. It looks even worse than the armor he had in the first Avengers promotional art. There's simply not enough red.
You mean the suitcase armor? That's Mark V, right? Yeah, I got the purpose of that. It's a portable version of the armor in case he never needs to change but doesn't have a building of his real armor around.
What I don't get is all the other upgrades. Mark IV is just a different shade of color, Mark VI just has a Triangle shaped chest piece plus some silver, and Mark VII is back to circle and...kind of larger than usual, I guess?
I just don't see what new toys stark keeps adding that make it necessary to completely remake the suit.