Generally speaking, I have enjoyed season 40.
Yes, there did seem to be some budget issues, and it is VERY repetitive to see the same "Abby's Flying Fairy School" segments. Though I do like the segment, I think that the new characters are fun. Hopefully if it is continued in season 41, there will be a lot new segments.
Judging from a photo of a Fairy School script in the "Sesame Street A Celebration" book which features a story about the characters earning their tooth fairy badges, there may be new episodes to come. (The budget allowing of course)
I hated the fact that Ernie and Bert did not appear at all in any of the street stories, (Or any new material)
I did enjoy the hidden gems, even though a lot of them were very obscure. But I guess its the thought that counts.