There was a rumor circulating the interwebs that The Lizard in THE AMAZING SPIDER-MAN will have a snout but unless all these toy figures are showing only the first part of a lizard metamorphosis (highly unlikely) than what you see is what you get.
Click images to enlarge...
Note the teeth are not very pointed at all, though the sheer number of them don't let you forget you're looking into a reptile's mouth. I think his main weapons will be his claws on his feet and hands - they look VICIOUS. The Lizard definitely looks muscular too.
Personally I think a long snout would have been a bit more authentic to the part, but I'm ok with this version too. More important is the character development and storyline. I feel great about what I've seen so far! Good job Marvel...
Source: SuperHeroHype via Collider