I don't think the updating preserved one of the key points about the original in that Lydia was utterly happy with her ruination because she was pursuing what she wanted and believed she had it.
I have my problems with how the Lydia arc is playing out, but I think it was clear from the beginning of the show, that having Lydia be oblivious to Wickham's true face and end up happy wasn't going to happen. It worked in the novel because Lizzie wasn't close to Lydia - it doesn't play the same way when the sisters are as close as the LBD sisters are, imho.
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I have my problems with how the Lydia arc is playing out, but I think it was clear from the beginning of the show, that having Lydia be oblivious to Wickham's true face and end up happy wasn't going to happen. It worked in the novel because Lizzie wasn't close to Lydia - it doesn't play the same way when the sisters are as close as the LBD sisters are, imho.