I just returned from a weeklong trip from 12/28 to 1/4. Our last trip was a week back in March. After reading a lot of the posts on here I was concerned that this trip would have far less magic than the last one due to all the cutbacks. I can honestly say that while I understand much of the concern about cutbacks on here, things really have not changed that much in the last year. Yes, EE is gone, however, crowds were very managable the entire time we were there (no worse than when we went early in March last year) and it was supposed to be *the* peak period (the only exception was New Years Eve, where we chose to go to Downtown Disney instead, because all of the parks were closed by early afternoon, and while they were letting resort guests in, we didn't want to fight the crowds). There are a few things here and there that were minor, such as certain restaurants no longer serving certain meals (we used to love Tony's for breakfast), but on the whole we found things to be like they were before. It was a very enjoyable time, and they even had an e-night, which is unusual for this time of year. In fact, while it's always nice to have those couple extra hours for EE, we found that it evened out the number of people in the parks, so that you didn't have the phenomenon of one park being 10 times busier than the others. Bottom line: don't change your plans just over a few cutbacks... the magic is still there in good supply.
One last note: one thing we did find was it all depended on who you talked to as to the information you got about various things. For example, the guy we talked to at the front desk was adamant that there was NO e-night on 1/3, but when we checked back a day later with someone else, he told us there most definitely was and sold us tickets. So, take something you've only heard from one CM with a grain of salt until you've gotten a "second opinion."