I agree. Outwardly there doesn't appear to be any reason for it to exist anymore - I think there's far more potential in trying to come up with kid-focused family dining experience and reconfiguring the area in the process. Or even just adding more space for another ride or two for kids.
I also firmly believe that Mooseburger should be replaced with something more like the modern eateries that Cedar Fair parks have received (eg: Miami River Brewhouse, The Farmhouse/Grand Pavillion, Lazy Bear Lodge, Firehouse, etc).