I've been going to WDW since 1979, last trip was 2018 around 4th of July and it was kind of crowded but a lot of things were still "walk on". I remember the Little Mermaid that year was a a walk on... but I just got back from a 9 Day trip yesterday and the crowd levels were significantly lower than they had been in 2018, it was like Disney World in the late 80's early 90's in terms of crowds, nothing was more than an hour.
I loved it, but I don't know if it's "a problem" for them, certainly not ideal for them though... all the parks closed much earlier than they did in 2018, the ticket prices were about $100 more for a 6 day park hopper, so with less entertainment and much shorter hours I'm sure Disney can operate and generate a profit in the short term, but tome it felt like a combination of "Them still bouncing back from Covid, and still not having a clear direction what the future of their parks should be"
And since their new "terms and conditions" now... in some roundabout way... is stating that they own any suggestions people make online, I'm not going to spend a lot of my time explaining how to fix the mess they're in for free. I will say The new Star Wars land was really impressive, but I only spent a half day there, and 2 of those hours were spent waiting in line for the 2 rides they have... whereas I spent 2 and a half days at Magic Kingdom because of the verity of stuff there. I'd rather spend my time riding lots of short rides at MK than standing around in the "pretty rockwork" queues at Star Wars and Avatar.
WDW is not like any other theme park in the world, including Disney's other parks...
The Magic Kingdom is the only Castle Park that is "only classic Disney Stuff" no Star Tours, Captain EO, Indiana Jones at Magic Kingdom and the should keep it that way. Magic Kingdom should continue to be the "Family Friendly, Classic Disney and Americana" Park.
Disney's Hollywood Studios is like a more "hip, glamourous, and grown up" version of Magic Kingdom. Hollywood Studios should be more geared toward the 18 to 34 year old demographic. Tower of Terror being it's icon probably isn't a bad thing, MK is "cute and wholesome" DHS should be more "the thrill park". If they were going to build a Disney Villains land anywhere it should be at DHS, and make that old "Villain Mountain" ride concept the centerpiece of it
EPCOT Center was originally 2 parks in 1 but they both revolved around "humanity". World Showcase was about "The Past" of human civilization, and Future World" was about our "The Future" (although most of the rides had a history lesson that stated in the past) I'm looking forward to seeing the Test Track/World of Motion redo, and I'm really hoping the Guardians of the Galaxy thing catches fire and burns completely to the ground... more small fun rides, less big stupid rides, and ZERO big ugly blue buildings
...and Disney's Animal Kingdom is basically the inverse of Epcot, instead of "Humanity and Technology" it's about "Animals and Nature" the naturalistic environment is the beauty of it, but the lack of indoor air conditioned rides makes it a challenge to endure.
Disney has 4 distinctly different parks to explore, I think it's going to be worth the visit every few years for quite a while... but they really need to work on creating films that people want to see at the movie theater and then go visit at those parks, otherwise they could end up in a bad place financially. "Raising Prices" and telling yourselves "we can keep raising prices because we're the best" is a doomed strategy long term.