My hope would be that it leans harder into the Wizard of Oz elements than the Wicked-centric ones. A Wizard of Oz land is an incredible concept and always has been. The numerous Oz theme park attractions across the past century show that to be true. It would fit the exact same mold as New Fantasyland or Dark Universe; a brand new high-tech take on century-old films that pioneered that medium.
Give me Emerald City, the Wicked Witch's castle, Munchkin Village, the Yellow Brick Road, flying monkeys and Scarecrow, Lion, and Tin-man. Give me those timeless elements.
My worry is that it leans far too much into Wicked-specific elements. Shiz or the Ozdust Dance don't ring as eternally iconic as the Emerald City does. I'm totally okay with a Wicked ride somewhere. I think that would be a wonderful and very popular addition to the parks. I would also be cool with those classic elements portrayed as they were in the Wicked films. But if Lost Continent ends up becoming just the school from Wicked (2024), with a simulator ride based on the train or something; I'll be honest and say that there are far, far better options, to put it mildly.