Old school Peach:"Is that
what I'm changed into now...?"
New Peach:"Is that
what I used to look like...?"
Originally, I found that the princess's name was always 'Peach', even when she was a redhead. 'Toadstool' was the name she was referred to in the US with earlier games and in the animated show.[link]
I'm probably the only one, but I liked her better as a redhead. The animation was quite, er, different
then vs. what we're used to seeing in Japanese animation now, but the fact that there aren't too many princesses out there with red hair (aside from Ariel) is what drew me to Toadst, er, old-school Peach's appearance. I also like the old dress better. I'm not fully sure what the point in turning Peach into a blonde was for, as they could have kept her a redhead and just improved on the was she's drawn easily. Nothing against blondes, but all princesses/heroines/mermaids don't have to have long blonde hair and blue eyes.
I found another one with a similar idea that I thought was funny. [link]
Peach (c) Nintendo, DIC
art (c) DrachenLilly