Not quite as drastic of change as was originally suggested, when there was rumors of dropping the "planet Hollywood" portion of the name for simply "the observatory part"
Good to see something announced and in the works, as it was starting to look pretty sad with all the new construction around it.
Good to see they are covering the stairs to make it more "on theme"
Not sure about keeping the blue on the trusses, but definitely is a classier look than exists now.