Are people bashing it, or just comparing? The one common thread is that the original was overproduced. LOOK as the size of teh set on stage at the Neil Simon. This is no chamber-sized reduction. It's just done differently.
There was nothing majorly wrong with the original production. Contrary to reports by the show's detractors, the original was very well received, grossing $82,487,923 over 906 performances, including previews. If it weren't for Garth Drabinsky's hand in the cookie jar that kind of run with that kind of gross would have been profitable.
If you enjoyed the show then, you will enjoy it just as much now. It's all there in the text. The performances are great but for me it's the writing that makes it.
There are some problems. Two key scenes in Act One ("The Night That Goldman Spoke/Gliding" and "Wheels of a Dream") should be reversed to create a better musical balance and improve the story-telling narrative. The first act could stand to lose about 10 minutes as well. The authors could never come up with a satisfying opening for Act II. But these are minor quibbles on a show that sets the bar almost impossibly high and generally exceeds expectations.
Cast albums are NOT "soundtracks."
Live theatre does not use a "soundtrack." If it did, it wouldn't be live theatre!
I host a weekly one-hour radio program featuring cast album selections as well as songs by cabaret, jazz and theatre artists. The program, FRONT ROW CENTRE is heard Sundays 9 to 10 am and also Saturdays from 8 to 9 am (eastern times) on www.proudfm.com