Annie needed a reboot, and this looks like a good modern way to do it. I think the biggest problem the original character has is that our Orphanage system no longer exists in the same way it existed in the 20's. There haven't been actual Orphanages in a very long time, and have since been replaced by Group Homes and the Foster system. We're also so displaced from WWI that just about every characters background isn't relateable anymore. Given the update that needed to be done it appears consistent. It's not like the incoherent changing of the characters background that the Fantastic Four reboot appears to be doing which I equate more to the latest Hercules nockoff that isn't actually Hercules. Really, Hercules sold into slavery so they can do a Gladiator rippoff. Random Greek or Roman, sure, but not Herc.