From WDW News Today:
After months of hearing rumors that the Enchanted Tiki Room: Under New Management will be closing sometime in the near future to make way for a Stitch-involved makeover, a new wild rumor has hit the streets of the Magic Kingdom and has cast members in De-Nile (Attempt at a Jungle Cruise joke). Strong rumors now indicate that the original budget for the postponed major Jungle Cruise attraction refurbishment maybe heading across the way to fund the restoration of the talking audio-animatronics bird show to its original splendor. In short, the original Tropical Serenade show may return to the Magic Kingdom as part of a huge marketing campaign for the 40th anniversary of the Walt Disney World Resort in 2011.
The planned campaign is going to promote the idea of guests experiencing renewed classic attractions and entertainment inspired by the resort’s past. Among the planned updates for the celebration are updates to Space Mountain, Walt Disney’s Carousel of Progress, The Hall of Presidents, and the Enchanted Tiki Room at the Magic Kingdom; Journey Into Imagination and Illuminations at Epcot; and The Great Movie Ride and Star Tours at Disney’s Hollywood Studios. Also rumored at this time are a new firework show and updated Spectromagic parade at the Magic Kingdom.
While most of these changes are likely to not take place (as is the nature with rumors), a few of them will make the line-up in time for October 1, 2011. Be sure to stay tuned to WDW News Today as more info on these rumored changes becomes available.