While I did/do love the hat, I was OK with its location for a short period of time, but was more than ready for it to move along many years ago. I agree with most other posters that it should be relocated to either the park entrance or added to the entrance of Fantasmic.

To truly do a full and I believe lasting makeover, I think they need to remove the "Studios" from DHS and make it Disney's Hollywood Aventure or something to that effect. Removal of the studio tour, LMA, the NYC scape and the IJ stunt show would almost completely erase the studio components and allow them to add Star Warrs, Pixar, and maybe some more Muppets to the park while restoring/maintaining the Hollywood theme at the entrance.