Ah, no. MK9 was sex just for the hell of it, with little regard to creating a genuine identity for the characters. I don't consider myself to have many boundaries in this arena, but seeing Jade spin down her staff like a stripper pole in MK9 was kind of embarrassing.
Mileena is the extreme case, and MKX Mileena was amazing. She was powerful, and stylish. She felt like she had an honest, more full identity than she ever has. All that and she still retained an air of sexiness - a sexiness that was more true. She was a real character not just a cheep masturbation fantasy for no good reason.
There are enough boobs bouncing about the internet, I don't see much need to put them on display in the game. I want good, well thought out character designs that aren't trying to force a character to be something they aren't. If that happens to be sexy on occasion, then whatever, but it certainly shouldn't be some sort of rule.