I'm just finishing one bottle of the red labeled Finish Line Dry Teflon Lube and I bought a new bottle a little while back while I was in the LBS.

The new bottle looks pretty much the same except for noting "New extra dry and longer lasting" in the top corner.

When shaken and applied to the chain, the old one is a very clear and slightly thick liquid (not watery), but the new one is a very watery milk like liquid (looks like that really low fat skim milk!). It does dry out clear and doesn't look odd on the chain after application and a wipe. It does flow better onto the rollers as it is much thinner.

Is this what the new formulation looks like or did I get a dud bottle?