I am a big fan of Superman and I never liked or understood what the fuck is the American Way.
I never liked the early motto anyways, I think the core of the character should always be what was in his first appearance: "champion of the oppressed". The later reboots that the boomers grew up with today bothered me to no end, and they think it was the "original" motto.
I think the new motto is better because it is more clear in its message, but lets be fucking real: it is a comic book character, if they wanted superman to fight for a better future, they wouldn't waste their characterization just punching brainiac or shit like that. This is what bother me the most is that they got right with the image above, Superman helps those in need, that is it.