This is from a Dec 28 post on the bluesky blog:
May not be going anywhere afterall.Most of the project are moving ahead, but some of the things you see on that model in the Blue Sky Cellar(That's a nice name for a cellar, btw.) won't look the same by the time 2012 gets around. You already know that the Green Army Men parachute drop where Maliboomer is/was/will be? won't be going in. This model is almost three years old and is the original one presented during the first proposal to Iger. That's why the name on the Sun Wheel/Fun Wheel is different as well. The plans for the Maliboomer have fluctuated, but it appears as of now, because of the cost of removal the Maliboomer won't be going anywhere anytime soon. It's not scheduled for the dozer till at least 2011, if then. Since taking it out would result in far more cost than expected, this cost would have to come from the budgets allotted to other attractions and Imagineers don't want that to happen. So unless more money becomes available by that time expect to see a retheming of the attraction to match the Victorian sea-side pier it now inhabits.