Yup, armour that could take a hit or two, or, as NGT stated earlier, maybe a frag grenade nearby is perfectly acceptable, as opposed to a 'stand up and fight' machine, however, it should also be noted that tanks are designed mostly to face towards an enemy, that's why the armour thickness differs all over the body, any kind of footsoldier could be attacked from any side and any angle, so sloping armour won't be as effective as on tanks.
That said, there is no way on Earth that power-suits would be easier to maintain or build than a jeep, at least not for a good, long time. The simple number of sensitive input devices on such a suit would require constant calibration. That's not neccesarily a bad thing for the benefits, but it does also mean, remembering we are dealing with a real Army here, not an 'ideal army', that they would probably be relegated to the roles of logistics or special ops.