That’s a good question Doug. I wonder too if the new formula is compatible with the old. I would think it is but you never know. I did watch the video but not all of it so I don’t remember it being mentioned.
Chris your figures look excellent. I too have run into the problem of a chalky appearance from time to time and I think it’s just a matter of paint consistency. I do let it slip myself once in a while.
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I realize that this new formula Vallejo Model Color paint is newly released; however, I just have to ask… 
…has anyone seen it for sale yet?
A search online at Vallejo and online hobby shops just shows their “Game Color” (for wargaming figures) as being the new Vallejo paint.
I have not seen it yet no.
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I have not seen it yet no.
Nor any Third Party reviews on it yet besides what is posted here… We’ll just have to wait for the release.
Two weeks ago, I emailed my questions directly to Vallejo. This reply just came through:
You can use and mix the new Model Colors as the traditional ones.
All are water based and they are compatibles.
I was also provided with a new Model Color Chart which may be found on the Vallejo website (first chart on the page).
This is very good news for those of us who use Vallejo paints.
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Yeah that is great news considering I have so many. Thanks for finding that out for us.
I believe that two online USA stores are now selling this. Maybe it’s been on sale for a while, but this is news to me.
HobbyLinc
https://www.hobbylinc.com/cgi-bin/s8.cgi?search_cat_s=&str_s=vallejo+new+model+color
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My last two orders from Scale Hobbyist included some bottles with the new labels.
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Amazon now seems to be stocking the new Vallejo Model Colors (as shown by the labels) in paint sets although I don’t know if you will actually get the new Model Colors or the original (old stock) paint formula sets.
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