I think that might be a bit harsh. From what I've seen, the performers and live singing is quite good but the story overall is nothing special. I think they of course had to rush something and it is what it is until rivers of light debuts.WDWNT quick review from their Twitter:
Jungle Book: Alive with Magic is bad. Rushed, uncreative, should not be marketed as a nighttime show. It is culturally beautiful at moments, but just makes you feel cheated as a nighttime show. As daytime atmosphere, it would be fine. If you invest more than 5 minutes waiting for this, you made a terrible mistake.