Yes, I was thinking that in my mind, and opinion at least, it's not whether Disney is "too commercial",but whether some of the "magic" has been slowly leeching away, due to all the reasons the OP mentioned - which I have all felt personally, as I've said here many times. Still magical, yes, but slowly approaching that "tipping point" Pete has been talking about for awhile - at least for ME personally - don't know, can't say for anybody else. That's all part of why my visits have been more spaced out, and that makes me sad. Again - this is all just ME, based on MY life.
I've said before the combination of factors in the last few years has strongly reminded me of the end of the Michael Eisner era, and the "Bring Back the Magic" campaign orchestrated by Roy Disney. And I don't "drink the Kool Aid" when it comes to Disney (even though a stockholder, and making money, as I've also said before) or anything else in life - if the emperor has no clothes, I ain't gonna agree he an't nekkid!

I calls 'em as I sees 'em, but I will admit I may see things differently than others at times, although I'd like to think I try to be as objective as I can. And I definitely feel I'e been shouting into the wind with my opinions on this particular subject for a long time, getting more and more sad about it all, although I feel others echoing my own words and feeling back to me more and more, and I just try to keep quiet when I'm thinking "what have I been trying to say for the longest?" in my own head.
I will say, last but not least - that's why projects like the newly-opening Disney Springs, and still-to-come Pandora, Rivers of Light, Toy Story Land, and even Star Wars Land (even though not a fan) bring me hope - I find joy in seeing what Disney can be, and still hope for amazing things to come! I do not mean to sound or feel NEGATIVE about the "now", I just feel wistful and yearning for the "what was, and can be in some form again".