I think the first Downtown Disney logo is Walt Disney World's while the second is Disneyland's (but you're probably aware of that). Although Walt Disney World might have a different logo now. And personally, I like Walt Disney World's. It's not that wacky; crack is wack.
And I think the initial Disney Village logo first appeared around '96/'97 along with the name change. (The problem is that when I researched that date for the Wikipedia article, I couldn't find a good source and I just guessed, and now whenever someone else mentions that it happened in '97 it might mean they got it from that ill-researched article. If only someone had a picture of themselves standing in front of that arch, half-finished, holding that day's newspaper.)
But it's nearly impossible to come up with a good logo for the current Village, because it doesn't know what the hell it wants to be. The day it decides whether it wants to be hip or retro, American or geographically ambiguous, wholesome or jiggy with it... Then things like a logo will come organically.
The same identity crisis befalls Disney's California Adventure, which in an interesting parallel went with a new logo that looks kind of like yours, Anthony:http://www.anaheimoc.org/client_upload/ ... _logo2.gif
Well, they both consist of the Disney logo with a simple sans serif, at least.