it is a good show, and Colin Ferrel is great. But, to me, the character just does not feel like "Penguin", despite the obvious physical cues. Maybe that will change by the end.
yeah it's very well acted, but I guess to me that could be just about any gangster.
SPOILERS
maybe it's because very little in this show has to do with the batman universe outside the occasional reference to the flood and the Falcones (who don't even exist anymore). Arkham was the closest they got to making it feel like a batman show, but that was one single episode and about Sophia, not Penguin.
It's crazy, you almost never FEEL acting like that, because he's trying to hide it and you know he just can't, and you're watching him fight the world and his rage at the same time while losing.