In terms of attractions, it's exactly what they did. Yes, they also added a street, but let's face it, there's not a lot of navigable real estate back there. The land is relatively small, especially when you look at only what's new.But to say that all Universal did in Hogsmeade is overlay 2 rides and build one new one is disingenuous at best. Flat out wrong is more accurate.
I'm not bashing Universal here (I really enjoyed Wizarding World and FJ), simply stating common criticisms and relevant facts. Hogsmeade is not large scale. Calling it Wizarding World is almost silly. Universal touted it as a theme park within a theme park, when it contained, in fact, a single new attraction and a small street with overcrowded shops.