Goodbye to "The Little Mermaid"

The Little Mermaid is about to be remade as a live action film, joining Aladdin, The Lion King, and Dumbo on the list of movies ruined by cheap soulless live action ripoffs of classic animated films. Has Disney run out of ideas?  Is Disney harvesting the organs of past triumphs for profit?  And what does making significant changes to a beloved character do to that character in the long run?