If done with today's construction material, CPG could look really nice with gingerbread moulding and authentic touches, and if they removed the old Frontierland type little town . . . but the pay-off wouldn't be there as the area would still sit vacant most of the time (unless they started serving food, but they just opened the Jolly Holiday). And it still wouldn't "match" with the castle as well as PFF.
I'd see swing dancers/break dancers, whoever, doing stuff there and I'd avoid the place. I'm not into that type of live entertainment, and it seemed like a waste of space to do that inside the park. Sort of like how the Starcade was something you could get at any mall at one point in time, and I always thought the folks playing the games were wasting their time because Disneyland was just outside the door!