I dont see it as cutting, I see it as changing/evolving. Not saying change is always better, but I would trade Kong for the Mummy, Jaws for HP2, and even BTTF for what all they have done with the Simpsons. Plus, I would be willing to bet with all the IPs they are bringing in, Universal is laying out more cash for the event then in the past (of course with the hope to make more $$$, boo hiss, evil Universal).
I could be wrong, but think its going to be a great year with some over the top sets and layouts. I just wish there more excitement in this thread other than the sky is falling.