While I agree with Disneyland Daddy and Merlin Jones about the film characters and the 3rd Person experience, I can't help but feel glad the entire ride wasn't replaced with plywood flats and themed to a toy.
The Walt loving, theme park loving, kid inside of me would have loved the ride to get plussed such that it was even more immersive, more historical, and more interesting, but I'm also adult enough to realize that modern Americans only like passive experiences which lead the the purchase of toys and have no educational content at all.
I mean what would a parent say when their kid asked "Why does the pirate on the ship have ribbons in his beard?" Would a parent really say "Why that's Blackbeard the pirate captain! History tells us he would tie burning ribbons into his beard to appear extra scary." Thank goodness the actual history is being pulled out of the ride to protect innocent young minds from learning anything. Here, have a plush toy. It's imported from China and sold here with a 20 times mark up. That's all you need to know.