I saw it this afternoon, and to my thinking, the changes, all together, aren't as show-altering as some strongly opine. This will be a very subjective issue for weeks and months to come, but the new material is all stronger I believe. The romantic number in act one for the young couple "Goin' Places" has an OVER HERE feel, and it plays much younger in spirit, and even sexier, and gives the first act a break from the Jerome Kern sound (all of which I still love). Do I miss "Toyland?" Only a little. The show is tighter and gets off to a cleaner, more focussed start without it. Lovers of "5:15" fear not -- it plays well.
As to whether Edie's appearance at the top dilutes her entrance in act two -- to me, it's not a problem. She wears a far less "Edie"-esque outfit, without much make-up, and plays the scene without the brio that marks her reveal. That moment still has its own comedic and dramatic power. And I didn't miss the reprise of "Peas in a Pod" as the show now complete's Edie's emotional arc, fully without trying to remind us of a connection that plays as strong subtext. By the end, less is more.
"I'm a comedian, but in my spare time, things bother me." Garry Shandling