Maokai did require a rework because his old ult was major balancing issue.
He's been getting more and more nerfs ever since late season 4 (if you look, vary rarely do you even see a buff, if any in his balancing history since then). The problem with Maokai's ult was that it was an AOE Damage Reduction Nuke. It allowed him to be extremely tank as long as it was active and anyone else within the zone. After so long you could pop it to deal a good chunk of damage.
Because of the non-damage portion of the ult, the rest of his kit had to suffer. With this new ult, they can now give Maokai power into his kit which they have done with the rework.
I think his ult's speed should scale with his movement speed now personally. He might be a tank, but tanks build Dead Man's and tier 2 boots so it would be viable.