I'm not a fan of the music, but I rather like the new opening float and finale float. It's nice to see a fab five float which isn't just a generic castle like in most parks. I also love the zooming fairies and wizards - not sure how it's done but it's pretty cool.
One thing I don't like however is the fact that the villains' float wasn't replaced by something else. I know that they added some carriages for the princesses who got kicked off their own float, but it still has left the parade rather short, with only seven actual floats. I think that they should have stripped down the villains' unit and rebuilt it into something brand new, like a Beauty and the Beast/Sleeping Beauty float or something (In keeping with the two halves to a float concept) and called it "The Magic of Beauty" or something. (Although that would be a very shallow name). The point is, adding a float wouldn't have been too big a stretch for the budget, what about a Sleeping Beauty/Snow White float? they'd fit well together.
I at least hope that if the villains' float has gone into retirement, it'll get an annual outing at Halloween as part of a pre-parade or something.