That's certainly one way to look at it. But it also is an attempt at bringing more 'disney characters' into something that really had no charm to begin with.
The fact is, Paradise Pier isn't going anywhere. What they CAN do is to make it nicer than it was, and also more fun while they're at it.
The imagineers are approaching the land now with a more nostalgic look with a disney twist. Swings are a part of the landscape of these kinds of parks so they saw it as something that could be reworked.
The maliboomer on the other hand, couldn't be saved since it was a constant reminder of modern technology in what is now headed into an older time and space.