I haven't posted here in forever...so Hi agin everyone!
My favorite topic! The MSEP is, and always will be, THE highlight of a trip to WDW for me. It screams "classic Disney" to me. From the opening fanfare to the lights out, the music, the classic floats...safe to say it's definitely my favorite attraction. Sure the old music was better and even the old version of the parade may have been a little better, but I like it just the way it is. I never got the fanatical love for SpectroMagic. Yeah, it was a cool parade and all, but took itself way too seriously. But hey, different strokes for different folks.
Personally, I find the Dreamlights version in Tokyo to be a little too gaudy and outlandish looking vs the charming look of MSEP (or even Spectro!). It's too much for me to handle. That being said, I wouldn't mind an upgrade or modern treatment refurb of the MSEP. Maybe a new float here and there, upgrade the lights once more on existing floats, add some new effects. and boom, you've got a little more contemporary version of the parade.
Everything I've seen from pain the night I absolutely dislike. But I will be in Disneyland for the 60th this year so I will reserve judgment!