So more information has been released on this.
Entrance will start at 7:45 AM and guided to Fantasyland where they will have access to Pooh, Peter Pan, and Mine train. $69 for adult and $49 for kids. Price includes a continental breakfast at Pinocchio between 8:30 AM and 10 AM. The article I read said that this will not replace EMH and is available to any guest to purchase.
So I was close with the breakfast being included and limited to popular rides. I said $50, looks like they are going for a higher price point at almost $70. I am surprised it does not include the Princess M&G in addition to those rides. I thought for sure it would include that too.