Well, I agree that sequels are fine if the quality and storyline are good, AND it's modern material. But if it isn't, you destroy the "Magic" (There's that word again, but I think it applies here).
My daughter waited months eagerly to get Little Mermaid 2. She saved her allowance and bought it as soon as it came out. (She was 11 at the time). I heard about it every week for months!
She HATED THE MOVIE. HATED IT! She still talks about it 6 months later. She expected Disney quality and instead got.............?
My 8 year old son REALLY wanted to see Lady And The Tramp 2. We rented it. He liked it, but the rest of us couldn't even sit through it. My wife is a big fan of that original, and her opinion of the Disney Brand was hurt by them even considering a sub-standard sequel to her favorite Disney Classic, and when she finally saw the thing she was so mad she could have spit nails. She laughs with her friends about Disney tossing "crap" into the market to make money. Smooth move, Disney. My wife plans the trips.
I have heard about Dumbo 2, Peter Pan 2, etc., and I am just sick. Disney's market advantage is their brand, and if you play games with the integrity of your brand you are risking the customers who make you successful. Use any material after 1970 for sequels if you like, and make sure the quality is good, but leave the classics alone please.
The Magic Kingdom is growing old. The reason that people love going there is the magic of the characters and the fantasy of their youth. (That's why I love going anyway.) The attractions are NOT state of the art any longer, and don't need to be as long as people love the brand and the characters. These DTV sequels are a BAD MOVE. If people begin to laugh at the characters because of stupid and cheap sequels...........
OK, I am done now! Rant ended.