I gave it a revisit as an adult a while back and still watch it on occasion cause it holds up big fucking time. There's the escapism angle, but the characters are solid, the story itself is well thought out (except season 2 where they just kinda ran out of episodes and brought up more than they could conclude) and there's a lot of really great messages in it especially for kids.

Season 3 is straight up Lovecraft inspired psychological horror and probably shouldn't have been aimed at kids.