Are we to reach a conclusion that the conflict comes down to preferences of "Street-level Wonder Woman" vs. "High-powered Wonder Woman"?
Personally, I like the power levels that Wonder Woman displayed Post-Crisis. Fans enjoyed moments such as Wonder Woman ripping an old battleship] from a pissed-off giant's (Ixion) hands--and utilizing rapid flight in the process! WhitOro, the best Wonder Woman smack-down of the Silver Swan happened when Perez drew her flying out of the ocean and slapping the Swan with a super-strong flick of a wet cape. Also, the JLA/Titans mini gave us an awesome scene (drawn by the immensely-talented Phil Jiminez) where Wonder Woman casually stops a mountain-sized chunk of space debris from leveling New York City!
To step outside the black-and-white thinking that I see dominating this thread, I've also enjoyed the Buffyesque fight scenes of the current series. Sure, they're simpler choreography than, say, WW vs. Medousa, or WW & Barda vs. The Female Furies, but I still think they work quite well! I've seen arguments of whether or not Diana gave a strong enough showing based on power displays. Personally, I think it would be out-of-character for Diana to NOT use her hand-to-hand combat skills. Much of the character is based in physicality--outrageous athletic feats, superior martial arts ability, wrestling down foes, etc.