I have to say, I thought those rewritten lyrics were pretty bad, too. I have seen similar efforts by other writers. I don't understand why the need to have the song be "paganized" is so intense that one would sacrifice fine old lyrics for sappy new ones.
As both a pagan and singer I have been interested for many years in songs of the Yuletide that reflect the beauty of nature, and do not so much emphasize the Christ aspect. Here are but a few fine old songs that to me really capture a "pagan" spirit of the season:
The Gloucestershire Wassail Oaken Logs The Boar's Head Carol The Wexford Carol (John Renbourn's version) Carol of the Bells The Fairest Maid The Holly and the Ivy Lullay My Liking Sheep 'Neath the Snow