A big tip o’ the ears to our lovely friends at the Disney Report who have obtained and posted a very highly detailed blueprint of a long rumored upgrade to Fantasyland (now removed). Personally, I don’t take too much stock in rumors and I think I have a talent for knowing what’s likely and what’s not and while I would never believe anyone if they told me what this design foretells, it does have some key elements that I’ve been ‘aware’ of myself. Most notably the fact that something big was coming to the Magic Kingdom alas the upper crust felt the park was being neglected so they started to shift focus to it, that the Little Mermaid was coming to Magic Kingdom (reportedly one of the conditions of being able to bring it to Disney’s California Adventure was to be able to replicate it in the Magic Kingdom to reduce costs) and that it (and/or something big) was finally going over the huge plot of land that once was the 20,000 Leagues Under the Sea (and now hidden by lots of trees).
With all that in mind, I’d either be willing to accept that this is in fact legit, or someone has way too much time on their hands.
Another thing to keep in mind is that even beyond the ‘blue sky’ phase, Imagineering has been known to drop projects on a dime. Take for example the Little Mermaid attraction featured on the DVD that was designed for Disneyland Paris.