It's my top Fantasyland ride. I don't understand how people can dislike it, especially with the catastrophe next doors. Its visually more impressive than Toad, larger scale than Snow White, has holograms and pepper's ghost effects, faster-paced and more dynamic than Pan. It perfectly captures the feeling of running away from both; both the fun naughty adventure of it, and the scary isolation while wishing to be back home.
The way I look at it, each ride has some aspect that doesn't work.
With Pan, its everything after the Neverland model. With Snow White, its everything from the mirror under the bridge through the random new ending. With Alice, it's the final Tea Party sequence that feels like an afterthought. Toad is perfect for me from start to finish, just a little thin at times. Pinocchio has me up until the final scene with the clocks and such, which is so minor and the scale of Pleasure Island makes up for it.