Terrific compared to the utter ridiculous and nonsensical Maelstrom. That value engineered hunk of crap should've never been created (IMO, lol)
No, it is a faux IP argument, case in point, people are clamoring for a Mary Poppins ride like it's the best thing since whatever.. The majority of people are happy that Rat is going in too.. Just because they have a country of origin associated with them that makes it okay? comon'. that's weak.
Toy Story is great, but they need to yank Buzz out and put something relevant into TL. Having the same IP strewn across multiple parks is uncalled for and lazy.
Tron will be a welcome addition to TL, even though placement is dumb. I'm not so much worried about placement though on that, as the aesthetics look awesome and will facilitate (hopefully) a nice refresh of the whole land to include the Speedway with new tech.
Rides can undoubtedly be great without IP, but sooner or later those rides become a profitable IP unto themselves, so whether their new or established IP's the argument is moot. Everything becomes an IP. Everything. Everything. Did I say everything? Because everything becomes an IP.