Both myself and a Diamond mid main I know have gotten our hands on Veigar and I think "completely destroyed" is an exaggeration. His new stun takes some getting used to, but its now more about trapping someone rather than actually stunning them. I'm not yet sure if it needs a buff or not...I personally had trouble with it, but my Diamond friend played him for several games and was really getting the hang of it. I think his E was never really an "escape" so much as a "peel" and it can still work like that. I play a lot of Nami, and I find that his E can help peel for yourself if you put it on yourself, kind of like a Nami bubble--and I don't think anybody is complaining about Nami's bubble delay. Its a really good skill, and Veigar's E is now similar, imo.
Second, his Q is way easier to farm with. You can now harass AND last hit with it thanks to its new double hit. Getting stacks on his Q is just much easier, and his AP gets pretty huge fairly quickly if you use it well. My Diamond friend thinks its less effective in teamfights though, overall just awkward to use in big fights. All in all, its not bad, its a fine change, and you no longer need vision to land it, which is nice.
Lastly, the straight up buffs on W are appreciated. Not really much to say there.
I think I like the direction they are going, I just don't know if he is quite there yet. He may need some extra buffs or changes, but the balancing levers are there: you can increase his stun range without worrying about the effects of an instant stun, or buff his other abilities more for compensation. My conclusion: its more of a wait and see. I like some of the changes, but I agree he may need more power somewhere still. If more people get a hold of him, we might see what his power is at.
Also, recently, Riot has been better about getting back to big changes, like they did with Cass (who I think is in a solid place balance-wise, seeing competitive play without being totally over-bearing).