I just saw this
and this:
http://www.inquisitr.com/1540313/emily-osment-molly-ringwald-voice-rainbow-brite-and-her-nemesis-in-cartoon-reboot-video/
BTB was not a part of my childhood so I don't feel too much about it. But I find his new looks hilarious for some reasons.
RB on the other side was such a part of my childhood and I'm at least curious to see how will this will end up. Since the design and atmosphere looks like MLP:FIM I'm hopeful.