I find the overall sound of "Newmoon" a bit busy, but that's due to a qualitative predilection on my part. And most of the music I hear these days has that updated 'wall of sound' thing going on. I really enjoyed the fact that the lyrics can be heard, particularly in "Dreaming". As far as the recording goes, if I heard either song on the radio, I wouldn't question that it was done in a pro studio!
P.S. I do like the new, improved sign-off! :)