My two cents:
Current Pyke is more annoying than the older one. Not because of the bounty gold. But because his R Threshold is up.
Had a lot of times where I think I'm still at safe HP where he's just nuking.
That being said.... I take my hits. Still haven't LOST to a Pyke since his change. Averages 9-18k damage in a game where I (myself) do 30k damage and snare him at least 14 times, leading to his death.
I just have to learn the right bushes each game to wait on him to come by, and adapt to the individual player's patterns. If you can take him out when he doesn't expect a fight, he's not much of a threat at all. It's when he controls the flow that he does okay.