Not according to stravinsky. He absolutely hated what they did with rite of spring in the first Fantasia. It's supposed to be about early russian ancestors, not dinosaurs. What the hell is going on with all these dinosaurs? He also hated conductors who took any musical liberties with music.

I heard he stabbed a French Horn player once for talking shit about pepperoni.

Well that was one hell of an afternoon.

I'd say this was OK, but not a patch on most classic Disney. The character animation in particular isn't that great- sure, they have like 100 effects and follow-through animators working on every frame, but whoever the lead animator is seems better suited to The Princess And The Frog or some BS. It's not very appealingly laid out or colour styled, either, when you compare it to the original Fantasia.

In terms of sheer imagination, this thing is operating purely within the confines set out by Mr. Disney 60 years previous. So yeah, it's an ok impression of an older, better film, but I'd say it was far from the best thing Disney ever did.