Hate to break it to ya, but Disney wanted the hat to block the theater. Mann's Chinese Theater is not owned by Disney and was built by permission. It was becoming an icon for the park, instead of the earful tower as originally intended. People noticed the theater more, and it started to become an icon for MGM. Big problem for Disney, because they don't own the rights to the Theater, and can't use it as an icon. So, to divert attention away from the theater, the hat was put in place, and was done as a part of 100 years of magic so it didn't look like what was really going on. The structure was never meant to be temporary.
Disney has their reasons for both of these icons and they should both stay. The wand is part of an ongoing effort to make Epcot a recognized Disney park, as many believe otherwise. As much as Disney Fans hate it, it's really for the tourists, and they are the majority of business, so it's for them.
Neither of them keep me away, I enjoy both, as a matter of fact I'm headed to Epcot in just under an hour, so it doesn't ruin a trip at all for me, I may not like it 100%, but I do understand Disney's Reasoning behind them, so it's just fine.