Let me attempt to bring calm to this before someone blows a gasket
1. Nothing is truly known by anyone at the moment outside of a timeline for this rush project. It has been rushed and scaled back because the suits worry the crowds will be cannibalized at IOA due to Diagon as well as the numerous offerings at the Studios like Transformers next Summer.
2. Whatever happens in terms of a JP Expansion it will be family focused and involve a D ticket, possibly a flat, and new food / merch options
3. The reason money has been pulled from the Project that Disneyhead and I were tipped off about early this year is because of Kong. The RFP's for Kong have come back very high and the suits are willing to cut elsewhere in order to make Kong happen. They see Kong as a driver for IOA due too the impact it had at Hollywood.
This is the speculation at the moment, hopefully it calms a few peoples nerves.