It was my understanding of the rumor that it is to be completely rebuilt due to termite damage and/or dry rot in the wooden structures. I didn't think that thematically they were thinking of permanently removing it? I guess we will have to wait and see.
"And all I ask is a tall ship and a star to steer her by" (John Masefield)
If it's of any comfort, Disney and More had a blog from last month indicating they would be rebuilt as is. Of course, unless Disney confirms it this is just a rumor. But it would seem to hold at least some weight.