I watched the 1st episode of a new Hub show called Teenage Fairytale Dropouts, which is from the same Mexican studio that produced the Top Cat movie and the El Chavo del Ocho animated series. I'd say it looks more improved than those two, but still has that stiff, motion tweened, paper doll look to it (look at the way their school mascot unicorn moves around compared to the ponies in FiM, and you'll see what I mean). Good for the studio to tap into a major U.S. market, though.
Also, looks like Wander uses Toon Boom rather than Flash, though even if they did switch over like Transformers Rescue Bots did in its 2nd season, it would still look pretty much the same anyway just like that show.