The potential is there, but they'd have to pull out all the stops, making it the best version imaginable and including an elaborate Enchanted Tales with Belle-style Meet and Greet as part of the experience. Though, not having Bert and OG Poppins is its biggest detractor, IMO.
In lieu of a good dark ride, I'd probably be in favor of the Musik Xpress/Himalaya type ride system themed as the "Jolly Holiday Carousel," with the attraction starting like a quaint merry-go-round before turning into a zany ride when the sound of Admiral Boom's cannon fire causes the ride to transform, spinning and bouncing in time to music among the ever-changing chalk-drawn backdrops, ultimately going backwards during "Supercalifragilisticexpialidocious," then slowing to its original speed when the threat of an afternoon rain shower (projected onto the walls) washes away the chalk drawings, and we exit the carousel.
