I mean they already updated with the Spongebob and Nickelodeon store in the area already..the natural progression would be to keep that theme going throughout the area and push it back...only problem would ET right smack in the middle of it.
They already have a Toon Lagoon in IOA, don't think they need another mish mash of other cartoons here too, it'll be specific, either Nickelodeon or Dreamworks..
ET is going to be awkward unless they re-route the entrance and exit and push that more towards the park and then just hide the building with some trees and themeing. Where ET entrance is now could be a good entrance to the updated kidzone but even then...spongebob storepants would be 'out of place'.
One has to wonder if at some point in time they would actually axe ET. I know, I know Spielberg would throw a tantrum...its a classic etc...I understand, but the placement of the store right next to the ride makes me wonder...Spongebob over ET layout?
Imagine with me here