I think that this is a positive step in the right direction. As AlexB has pointed out, this lets Parques Reunidos clear the slate on the previous era of Wet and Wild Sydney and start anew. They can now forge their own identity and their own path with the park. It is interesting , though, to note that Parques Reunidos is still up for sale. What effect this will have on the property at Sydney or their other international parks is up in the air. However, its also positive to see that they are announcing a new slide for the upcoming season, which is something that the park has needed for a couple of years now. Time will tell what their strategy is in bring people back to the park, but lets hope that they resolve the issues that Village experienced with their operations.
Maybe a little overly pessimistic mate? I would like to see how the park performs under the new owners before predicting the end of the world, although I get how you could think that this could happen.