We vacation in Wolfeboro every July for the past 11 years and tried Morrissey's when it first changed from Bailey's back in 2003 (we loved Bailey's!). We weren't impressed. We tried it again in 2004 and didn't notice any improvement in the food so we stopped going. Maybe we can give try them again this year; although, it might take some convincing to get my wife to go!
I'm no expert but I'm kind of surprised that they've managed to stay in business this long if the food and service was that bad.