Who knows with the way Universal has been shuffling the decks lately but with the ride being on again / off again in a million locations around the resort, I have a strong feeling they resurrected the original plan given all the evidence we have to work with.
- Kidzone plans have been finalized (we think)
- Shrek 4D has been on the chopping block for 4 years and counting
- Shrek was accidentally removed prematurely from the new resort map
- The South Gate will focus on Dreamworks properties and not Illumination
- USH has begun construction on the ride where the Globe theater once stood
- R&D has been done on the ride for years
- The ride is compact and 2-stories so placing it in Shrek's location saves space and makes the best use of the layout of the ride
- Minion Mayhem is across the street so having Pets in that location brings a mini "Illumination Blvd." area to the front of the park
- Secret Life of Pets is the highest grossing film Universal has ever released domestically aside from the two Jurassic World films. People often forget it made a whopping $368 Million in the U.S.
- Universal loves synergy with their high-grossing properties
I could go on and on. If Pets doesn't end up coming to the Shrek spot, I'll be baffled at this point.