As first mentioned at MiceAge on December 15th... (Unlike another site that claimed their info on December 17th was first...
Disneyland Resort Entertainment is getting MAJOR cuts...
The first was Princess Fantasy Faire, with basically everything except the Meet and Greet and the merchandise/food being cancelled (The Money Makers remain open).
Based on Disneyland.com
DCA is getting some cuts...
Aladdin is going on Hiatus as of Monday, January 5th. (UPDATE - Aladdin will still be offered 5 days a week in early 2009).
HSM:3 will go to a Friday through Sunday only schedule (might be offered on some Monday Holidays).
Pixar Play Parade will remain at 5 days a week (Wednesday through Sunday)
Drawn to the Magic is on Hiatus
Brother Bear will remain (Friday through Tuesday).
Playhouse Disney will remain at 7 days a week.
As for Disneyland..
NO Parade as of January 5th for the foreseeable future (my educated guess, mid March for Spring Break - "Celebrate Today"
No Fantasmic! as of January 5th (UPDATE - Fantasmic! will be offered 7 days a week through at least March 27th as a substitute for no parade being offered).
Remember Fireworks not offered until MLK, Jr. weekend (a couple of weeks off, then just holiday weekends).