The game is still being held with better competance than the T$R days. I remember the -old- days.... Wizards is handling the IP just fine these days. When they start suing people on forums for using the term 'Fireball' or start taking successful IPs that people love and whoring them to sell substandard systems -for no reason- then we can talk about mismanagement.
Fact is, WoTC is still very much a company that listens to its customers. Since 4th edition they've opened up playtesting so that anyone can do it, and they -listen to the feedback.- They still gather information on what people want, and they still cater to the customers' desires with their core products. They're still -very much- a customer-oriented business, and very much a fan-friendly business, and a lot of that -is- trickledown from Hasbro.
They have certain bottom-line responsibilities, but as sellers of a creative medium, they -have to- give their customers what they desire to buy, otherwise they do not sell.
In the TSR days, Pathfinder and Hackmaster wouldn't just be almost impossible to print, they'd have been sued into non-existance.