I like your analysis. What you report is very, very close to what I observed as well. I actually bought it after a 15 minute trial wear, and I'm quite happy with it. I think that many BNers were hoping for some kind of improvement over the original, and I would have to say that it really is better. But not only that - I think it's better in a way that BNer types will like. People who were hoping for something better definitely need to try this one.
However, I would also add that if you simply can't stand the original, then you will likely be disappointed by the fact that the relationship to the original scent is clear.