Lamenting the Decline of My Little Pony

I was a HUGE fan of My Little Ponies when I was a kid.  Had a whole herd of them.  Still do, in fact, at my mom's house, and my girls play with them when we go to visit. 

When my first was a baby in 2003, I got her her own Little Pony.  They changed a bit, had eyes twice the size they had been in the 80's, but it was still cute.  We now have a herd of those at my house. 

Then a couple years ago, they changed again.  Seriously, why fix what ain't broke?  They had the ginormous, malnourished eyes with oversized heads, little bodies and chunky legs.  I think we got one for a gift, and my kids have relegated it to being a "baby" pony.  Because what adult pony would have eyes taking over 50% of their face? 

Now they've changed them again.  Dude, they don't even look like ponies now.

What IS that thing?  It's like...a...mutant deer...with rat ears?

Sigh.