It's awful, as usual. They always do this, and it will always be awful. You have these amazing, epic songs full of personality and storytelling, with a really great singer and orchestral music, and then they mangle it through some shitty autotuned R&B hell with the flavour of the day pop face. They ruined Let It Go, they ruined How Far I'll Go, they ruined Reflections, they even ruined Can You Feel The Love Tonight* (even though Elton wrote the damn thing to begin with). The original A Whole New World with Lea Salonga and whatshisface also crushes the Peabo version. I think the only Disney song that was actually improved in the pop version was Beauty and the Beast, which was a bit awkward being sung by Mrs Potts in the movie.
* The super sweet vocals by Kristle Edwards and the duet portions are stupidly superior to Elton blaring out CAAAAAAAAEEEN YOU FEEEEEL THE LUUUUUUUUVE TONIIIIGHT. How the hell did he win an academy award for that one?
To hell with the terrible versions in the OP. This is where it is at
Oh my god, yes. It can't be said enough times that Lea Salonga is the greatest voice of this generation.