I would bet anything it is better than the one I had to sit through when my kid was younger: Thomas and the Magic Railroad
Keep in mind I like the original show and didn't mind watching it with my kid. But the first film was written and produced by Britt Allcroft, who had bought the rights to the works, and she had no business making creative decisions of any sort.
Did she make this newer one as well? If so, you have my profound sympathy and may your child speedily outgrow the desire to watch it.