I saw the 11 pm parade 3 nights ago. I was just outside the Christmas Shoppe.
The good:
There were very few spectators in that area and the CMs were okay with us sitting on the ground both waiting for the parade and during the parade, although I stood up for the parade. There was no one behind me, btw. It was quite nice to be in a not-crowded-at-all location.
The floats are very pretty. I love lights, so put lights on anything and I'm happy.
It's brief. I put this is the "good" category since I never felt like I was standing there for forever and hoping the parade would end. There's just enough of it.
The mediocre:
The music. It's not terrible but it's not wonderful. Or even that catchy, although I've seen the parade only once. Adventure Friends Cavalcade has a far better theme song.
The bad:
Characters on the floats seemed to be remote, separated from us mere mortals, so crowd interaction was minimal. Like we're supposed to worship them, which, come to think of it, maybe is sort of the point!
I also would've liked more street dancers. And a catchy tune like Festival of Fantasy, for example.
However, overall, I was glad to see it and will probably see it again. The entire parade lasted perhaps 10 minutes, max.