I was just reading that the Olde England Inn is now the England Inn. Gone is much of the historical theming, although it appears good use has been made of the rich wood structure.
I had stayed there (and quite enjoyed it) several times, including my honeymoon.
For example, pictures I saw showed the dining rooom has been redone, and the seating and decor is modern. The food got excellent reviews. The establishment itself showed mixed reviews - some experiencing booking or room problems, others enjoying their stay with no issues. Apparently is was (understandably) more problematic during the remodel, but that's reported to be largely done.
I'll miss the historical theme, but I'm still likely to give it a go the next time I stay in Victoria.