I would recommend you read Ratzinger's 'Feast of Faith". He speaks about what the root of the problem is. People using liturgy for entertainment instead of worshipping the Real Presence.
I think as Pope he was moving towards the priest once again facing away from the people and I think it was going to happen in 2014 with recommended changes. Now that we have Francis, heretic I think it is not likely those changes are going to be made.
Anyway, here are 3 criticisms of OI:
1) The claim that the Real Presence is not alluded to in NO and "implicitly repudiated" is blatantly false.
2) In John 6:48, Jesus is quoted as calling the Eucharist "The Bread of Life". The OI claims that this expression in the No is a denigration of transubstantiation.
3) St Aquinas refers to the Mass as "memoria". Yet the use of the term "memorial' seems to be a problem for OI.
That's a problem, but not the root of the problem.
Have you ever been to a conservative Lutheran parish? They don't go for entertainment, and their liturgies are often more reverent and as Catholic as the N.O. Here are a few examples:
(start the last one at the 35 minute mark)
1) Allusion to the Real Presence is optional in the Novus Ordo. In the first place, in the TLM, there is an offertory, which is an exposition on Catholic doctrine on the mass and an anticipation of the Real Presence. Comparing the liturgies side by side makes it clear enough, heck, the complete elimination of the offertory makes it clear enough that the Real Presence is, at the very least, being diminished.
2) Calling it the Bread of Life at the expense of the Real Presence is the problem. There is nothing inherently problematic with the term "Bread of Life."
3) Are you paraphrasing an article against the OI? Because if you had read the Ottaviani intervention, article two makes it clear enough that the problem surrounding "memorial" is regarding the GIRM, which DEFINES the mass as a memorial, when it is principally a sacrifice.
The Novus Ordo Mass is an hodge-podge of eliminating and diminishing uniquely Catholic doctrine and replacing it with ambiguity meant to be ecumenical and pleasing to non-Catholics. It is Cain's sacrifice, not Abel's.