I think all of us "locals" do indeed appreciate the amount the out-of-towners and once-in-a-lifetime visitors scrimp and save to get to WDW. It's just that there's a reality that exists here in pixie dust land too. Yes, Disney has lots and lots of money. Disney also has lots and lots of stockholders who want the stock to make money. Disney has lots and lots of expenses. So when Disney looks at its balance sheet and decides that the theme parks are drawing just a bit too much out of the pot and they need to cut back some to better manage the economy or investor expectations or whatever, those decisions do need to be made. WDW execs are told to look at all of their offerings and figure out what can be cut out, cut back, changed, added, moved, redesigned or repurposed so that the overall experience remains magical and wonderful, even if individual offerings need to be changed to save money.
These decisions are hard. Disney execs do not make them lightly. They don't sit around in a room and throw darts at an "experience board" and cut what the dart hits. They KNOW that whatever they cut or change or reduce or add will make someone unhappy. They know that they will be inundated with letters and emails and tweets and phone calls no matter what they do. But they make the best decision they can at the moment. And then, once the decision is released, they go to the online message boards and blogs and tweets and read how stupid and money-grubbing and idiotic and unDisney they all are for changing what they had to change.
But they remain hopeful that, even though Fantasmic! is showing fewer times, the fact that they were able to keep Streetmosphere and Beauty & the Beast on full schedules because they saved some of the Fant! money will still give Guests magical experiences. Or they hope that, even though Mickey's 'Twas had to go away, people will enjoy the new Tomorrowland show. Clearly, they don't always hit it out of the park. But it's a tough job and I wouldn't want to do it.
The one thing we locals have that the out-of-towners don't is the perspective of many years of watching Disney and watching the tourism market bend and flux. Several years ago, the economy sunk and Disney made a series of cutbacks. The message boards (such as they were then) lit up with people complaining about what Disney took away. A few years later, when the economy righted itself, Disney added a bunch of stuff in -- new shows, character greetings, events, atmosphere, shops, resorts. They did the same thing in the late 1980s. And a couple times before then. The economy slides, and Disney cuts back. The economy recovers, and Disney adds stuff. So ... even though I see cuts right now, I know that historically, Disney will add and grow and give me all sorts of new entertainment as soon as it possibly can. I realize that doesn't help those of you making that once-in-a-lifetime Disney vacation during an economic downturn. But I will guarantee you that there is a LOT to see and do and enjoy and find magic in at WDW. Even without the Lights of Winter or Fantasmic! every night. Honest.