Dude...harsh!
I like loops myself...but Space Mtn. doesn't particularly need them. (Not to knock Intamin hypers, but I hope that pile of red Intamin track at CP is for a really twisted mega-looper.)
Why gut it?
Because it's an old, creaky, out-dated, bumpy, dusty, rickety pile of dung that is a sad representation of what MK's signature thrill ride should be. Disney's iconic coaster should be world class...top of the heap.
Gut it. Give it one long track (fast and smooth,
no loops required...but I wouldn't complain), new trains with audio, new effects...make it a ride Disney can be proud of again.