I'd like to see the team event be after the individual events, much like relays usually come after the individual races. It would remove the chance of injury or fatigue affecting individual chances and provide a shot at redemption for skaters who have disappointing individual results.
Plus the kind of lighter atmosphere of it seems more fitting as a closing out the Olympics sort of thing. I'd like to see it stay, but I think the format needs tweaking. The long program rounds are rather anti-climatic with the current format, since there isn't much room for placements to change. I think it either needs to be weighted higher or they should just add scores together or something.
The judging needs to be addressed as well, though whether that's unique to the team event or will carry into individuals remains to be seen.