Of course the story is a bit dated, thin and clunky. But the music, if you remember, is still textured and rich like the fabrics the working women are weaving in the mill.
The singing, oh the singing! I've rarely attended a performance of a musical where the voices were so reassuring and just magnificent. I never held my breath in anticipation that some of those wicked R&H notes would be skirted - they were approached, attacked and knocked out of the park. I'm impressed at the variations in the timber of those voices and their ability to actually match the role of the singer. The Julie Jordan, Alexandra Silber, is riveting - you don't want her to ever stop singing. There is so much color and assurance to her vocals that I'll believe anything she sings; such is her lyrical believability.
Throughout, the show was carefully and accurately cast. Despite the minimalist scenery your imagination still filled the stage with whatever props were necessary. The orchestra - also not the full complement - could have used some additional amplification. The dancing, while fluid and pertinent, could have used some judicial editing. At three hours, "Carousel" was a bit longer than necessary.
One final caveat - the parking. It's diabolical so leave plenty of extra time.