Ok I just finished a whole game with the new changes (and won!) so I can form some opinions on it.
I DO like the way it is, but it just changes a lot of things.
-Mobs claim a lot more lives, because it is a lot harder to find good armor.
-Those crafting tables are out there, we found one of them, they really help others get some gear without going back to the cornucopia
-It is a lot easier to get enough food to survive, which is great.
-The game overall is more tactical, but it also lasts a lot longer. In the game I was in, we went all the way to about 3 minutes before the 1hr deathmatch.
-My teammate and I were easily able to get diamond swords the first night by controlling the cornucopia, with which no one could really stand a chance against us.
So, the game is now more tactical and challenging, but also a lot more drawn out because people are far more wary. I think this is a good change, but since it makes the games so much longer there should be some servers that run like this for those that want a challenge, and some servers that run like before for those who dislike these changes!