Agreed, the sight lines are bad but it's a much, much bigger area and a much higher stage so there's no way it's worse than the Jedi Academy. It's still not a big enough area though.
The biggest problem I have with the new location is the parade. Having the parade stop at the stage, and reducing the route by almost half, is just insanity. It'd work just fine to drop the celebs at the stage but then continue the 501st parade through the old route and out by Jedi Academy.
The way it is now, the parade is impossible to see unless you are on the front row no matter where you are along the route.