I must admit, I don't think Magic On Parade is too old or aging, although I think it will be if it lasts another 5 years, so I'll be intrigued to see what the new parade features, hopefully Pooh and Friends stick around, would like to see Stitch join the parade (think he is popular enough for it) and maybe the Aristocats?
Not too keen on the sound of Paint The Night, I like the soundtrack, but when I watch the parade on YouTube, I don't compare it to Fantillusion, MSEP or any of the daytime parades, although would there be much designing needed for a Paint the Night copy?