It’s important to remember that this is a children’s movie and its success will be determined by how popular it is across generations of children. (and how many streams, theme parks features, disc sales (if the kid is going to watch it 20 times CDs are cost effective), and re-releases it generates)
Judging from the number of Snow White themed costumes sported by small children in the theaters I’ve been in (I was seeing other movies- for this one, once was enough for me) and the steady crowd around the “take a picture in the dwarves cottage” setup in the Westfield Century City Mall, this is a hit with its core demographic.
The 1937 animated feature is iconic, and rightfully so, but it has some problematic elements (over and above the problematic theme of “if I just wait, my prince will come”). I think this live version threads the needle nicely in terms of dealing with problematic plot elements but keeping the essence that made the animated feature timeless. Is the live version timeless? For the old fogy me, no. For the six year olds (which is how old I was when I saw the re-release in the theater), maybe yes?