My family and I were there today. I guess I wasn't as impressed with the other posters. Maybe I was expecting the same quality Disney has done with other refurbs like WDW's HM, DL's Tiki Room, or Pirates.
My take: Much improved, but not nearly enough.
The last few months we saw it 3 or 4 times for our son. I LOVE the bears, but you could barely hear, let alone understand much of the words, spoken or sung. The animatronics weren't awful looking to me, but sure looked like they could use some love (especially the mounted heads).
Today I knew it wasn't the great rehab like I wanted it to be when the CM delivered his intro words into the mic. It still sound like crappy AM radio, just less crappy. The 3 guys on the wall started....they sounded better, and louder, but not anything "Hi-fi" at all. They appeared to have recieved some tlc, but were still quite noisey in their movements.
The main show:
Lighting - MUCH improved. Lighting was bright and very good all around...much, much improved.
AAs - Skin/fur looked nice (don't know if it was new) and most movement good. There were several things noticibly wrong though....one AA with a non-functioning mouth...2 or 3 with eyes not acting right, and some costuming pieces that were oddly askew. That was puzzling to me.
Most importantly - the SOUND: Before it sounded like really crappy AM radio with some damaged speakers. It also was WAY too quiet. The sound now was much imporved, but I was let down. Volume was definately better, but not nearly enough. Quality was a lot better, but not nearly enough. It was like really, really good AM radio now. There were parts I was just still having trouble clearly understanding what was being said/sung.
End verdict: I LOVE the bears. The condition of the show went from a D-/F in my book to a C+/B-.