yes she does - and it is still spectacular!
As a child I thought it was the greatest (Tink has always been my favorite) and now that I am an adult I realize that even with long lines and expensive food-- when Tink flies over you -- the teany annoinces of the day that are so unimportant leave and all you are left with is the magic of disney.
btw -- she now has lights on her wings and dress...