Well I just think the area needs more than one major ride
Fantasyland has:
Peter Pan
Pooh
Small World (major)
Dumbo
Mad Tea Party
Little Mermaid
Seven Dwarfs Mine Train (coming soon - major)
Great Goofini
KidZone
E.T.
Woody Woodpecker's Nuthouse Coaster (a C-ticket and off-the-shelf theming)
Considering how much space KidZone takes... pretty unremarkable. I'd say bulldoze Fievel and Barney, give Animal Actors and Curious George some love, and utilize a smidge of backstage areas (I'm hestitant to get rid of Curious George since I love the character :smiley
But I'm eager to hear about whatever the idea Universal Creative has come up with!!