So sad! :-(
The Penguin TM is a shadow of its former glory. It seemed clean, didn't smell like smoke, the servers were friendly and lacked both tattoos and piercings. The prices are a bit higher (but not too high).
I could get past all the cosmetic changes, but the onion rings were very bready (compared to the wonderful stringy goodness of before,) the burger was okay (the bun was too thick) but it didn't all melt together like it did before.
The banana pudding was the proverbial lack of icing on your cake, it tasted a little lemon-y and was topped with enough whipped cream it you couldn't really get the actual flavor.
Overall, the re-opened Penguin TM (yes, all instances of The Penguin in its new incarnation have a Trademark symbol which adds to the corporate feeling) seems like an attempt at its former glory by someone who'd visited the former Penguin a few times.
If you never got to visit the Penguin in its previous incarnation, I'm sorry.
If you did, join me in pouring one out.