Whether you like the idea or not, people delaying their vacations is a huge issue. Universal saw that first hand, with the massive plummet in attendance they saw the year before the WWoHP opened. They don't want that to happen again.
The timelines that are being TOYED with, include shutting down PF, and Sindbad's in LATE 2012 or mid 2013, then doing whatever they are going to do, demo, overlay whatever the heck they decide. "They" want to have it as close to completion as possible before they make the WWoHP 2.0 announced so that people don't put off or delay their vacations.
So you will see Sinbad's and PF close LONG before the announcement is made. They want to have things as close to completion before they make the WWoHP 2.0 announcement.
So if 2015 is the year of WWoHP 2.0 (and i believe it will be), look for a full announcement on that earliest, late 2013 or early 2014.
Things to remember if you are a theme park here in Orlando. The average repeat visitor to Orlando visits once every 5 years, so if you are going to aim for the people who came the first year of WWoHP, you want to aim for the 5 year mark, so that they make UO their primary destination again.
--- Update ---
Ok back on topic:
This trademark is the first I have heard this name. I really like it. I keep hoping we are going to see movement, and the master resort plan. I think that once Comcast figures out if it is buying Blackstone's share, or if Blackstone is able to sell it's share and there is a smooth transition we will see a lot more movement on this... but who knows maybe this is full steam ahead... I am clearly out of the loop on this one.