It's not that the new ride is awful. It's just that it isn't the origional, which leaves the newest version to be disappointing to those of us who remember. I guess it's easier to like it when you don't have anything to really compair it to.
My wife never saw the origional before I took her on her first trip to WDW a few years ago. She liked the new ride and I sat there saying how disappointed I was. I tried to explain to her the whole upstairs area of the old ride and how epic the origional ride was, but she didn't get it... and then I showed her a video of the origional.
Now she gets it.
On a side note, I still have my Figment bath toy that when there is water in it and you squeeze it, it spits at you.