I feel that so far it hasn't quite lived up to G4, but it seems waaaayyy too soon to say. It has a lot of potential, yes, but I'm worried that Hasbro might steer it in the wrong direction. The characters seem likable enough, and I liked the movie's animation style quite a bit, except there are a fair bit of plot holes, and there aren't that many connections to G4, which I find confusing, as it was shown that they take place in the same universe, and the ponies of G4 had made quite a mark on Equestria. Seeing as lots of extremely old history was preserved and displayed in G4, it's clear that the material they use in paper and such is quite durable, and can last for a while. So I'm not too sure why they don't have more information on the Mane 6 and the magic of friendship, and I'm also wondering why the Windigos hadn't come for G5 Equestria, at least that we know of. They are magical beings that feed off of hatred, and there was a whole lot of hatred between the Unicorns, Pegasi, and Earth Ponies before their magic was returned, and it's evident that there was at least a small bit of magic left before the G5 storyline takes place, since we can see Cutie Marks on the ponies (even if they are only on one side). Again, it's promising, but what I think it needs is for some plot holes to be explained/filled, and hopefully, they are able to do that, as G5 is fairly new