Re: Cedar Point, I think it might not be as good on the large floats, but I really think that, considering that there is no IP, the "drum" floats in Soundsational look pretty weak compared to the smaller floats in this parade. The variety of stunts in this parade and the degree of difficulty is much higher here, too. There is also a LARGE number of performers. It looks to me like there are more performers in this parade than most daytime Disney parades (or at LEAST an equal amount). I think the main places where it lacks are the dancing, detail on the larger floats, leitmotiefs in the music changing slightly (this parade's music gets repetitive), and (if you care) the lack of IP. Otherwise I think it's a winner.
Moving away from the 150th (as requested above): I think that it's just stunning that Disney's doing (less than) 50 golden statues, using it's existing projectors to do a color wash on the icons, releasing two items that should have opened a year ago, a kite show, and a new fireworks show. The reason we keep bringing it back to CP is because they are doing what looks like, at first glance, an equal amount for their celebration (1 new ride, parade maps onto fireworks show, KiteTails maps roughly onto the finale show).
I think that I would be wary about putting too much pressure on "Disney Enchantment". Essentially, the entire 50th Anniversary is being carried on it's back (unless the kite show is incredibly good). Putting so much pressure on one entertainment offering, ESPECIALLY when replacing a beloved spectacular, is going to be really tenuous, and I think how the fans regard the entire celebration hangs on this show.