I've seen Yes live many times, including twice in August 2014 and have never had a problem with Chris Squire's bass sound. Sounded great to me (in fact, he rocked it on The Fish). Squire actually met Jimmy Hendrix and admires him (of course, I can't speak to how he played with Hackett, but I would be surprised if he ruined a Hendrix song).
On another note, here is a quote from the Anderson Ponty Band before the first comments page of the website:
"After hearing the rather uninspiring new studio release of the new Yes Album Heaven & Earth featuring Jon Davidson on vocals and ego driven Chris Squire on bass, we are pleased to see this alternative formation of a Prog Rock/Jazz band featuring the original lead singer and heart of Yes; Jon Anderson at the helm. Knowing the people behind this band, we have high hopes that the music will maintain the integrity we've all come to love and respect of Yes. We are relieved to know that the bubble gum keyboards and cranked up bass to volume 11 won't make its way into this band. What do you think? Are you ready for the Anderson Ponty Band?"
I think this comment is unprofessional and not helpful. No need to insult the new album or make accusations about what drives band members or make other disparaging remarks about the quality of the keyboards. Although Geoff Downes is no Rick Wakeman, he is a very qualified keys player. I've seen him perform several times and he has chops, if not the same as Wakeman. To say that his keyboards are "bubble gum keyboards" is totally inaccurate and very insulting, which isn't necessary. To imply that the attitude of the current lineup of Yes (or the bass plalying of Chris Squire) is synonymous with "volume 11" mentality is simply unfair. Obviously, this is a reference to the brilliant mockumentary "This is Spinal Tap", but it implies that Suire's attitude or intelligence is similar to the guitarist's in the movie. This is clearly not true for anyone familiar with Yes. I noticed that if you click on the "reply" button, that some of the negative remarks have been removed. This is a little too late, as the original comments are still there on the previous page.
Do I wish Jon Anderson and Rick Wakeman were still in Yes? OF COURSE! Was Heaven and Earth a disappointment? Somewhat. Believe Again and Subway Walls were great to me and there were a few other great moments on the album, but too much of it was a little lackluster. Fly From Here was better and Drama was much better. I still enjoy the current lineup of Yes, though, and I am excited to hear what the APB sounds like. My point is that there is no need to discredit the current lineup or its album. Just talk about the good qualities of your new band's album and leave it at that.