Agree with this. I don't have any problems with the tents per se, just what they contain. If we consider Storybook Circus to be its own land (and we should, no reason to have it part of Fantasyland any more than Toontown was), it's actually pretty well executed for its theme and tents certainly belong in an area that's supposed to be a circus.
The problem is the substance of the land -- a Casey Jr ride like DL would have been better than the splash area or putting a dark ride or two instead of the Sideshow M&G -- there's plenty of room between the Sideshow tent, the circular open area and the yellow tent + backstage to fit in two smaller rides like a Pinocchio themed one and/or Mickey's Madhouse or even the Pete's Silly Sideshow theme but having it be a ride (i.e. AA snake charmer Donald or daredevil Goofy, etc. showing their acts). They can even keep the big merch tent with the snacks. It would be nice if they revisit the land in the future and add more to it, but I'm not holding my breath.