Ya know, the old logo ain't that great either. It has three very strong and different fonts competing with one another. The font for "HOLLYWOOD" is just a bit too wacky. The dark tan drop shadow is inexplicable. And Mickey looks like a really bad 'shop job.
If we never had that old logo and it was being introduced today, it would be savaged worse then the new one.
That's not to justify the new one... It could certainly have been done better. But, it's not like we're losing something wonderful.
Now, if you want to get really savage, let's dissect a bunch of Epcot's old logos...