This park seems easy to tour if you go early and bust your ass- but that's how I do all Disney parks. I ride as much as I can early because those early minutes are precious. Then I leave after lunch, then come back to the park (or another park) for dinner and the night entertainment. Universal is different as I have express, so it's a little more relaxed (and no night entertainment).
But for VB- it seems like a breeze if you have any experience touring whatsoever. Get there first thing as an on-site guest, Q for Aquacoaster or Honu (dont do drop slides yet- because the stairs would take a ton of time)- and keep riding Aquacoaster and Honu as they come up while doing all the ride now rides. Add the drop slides into the mix and gettem all done. Then, say before 11- after tearing it up for 2 hours- go ahead and queue up for a ~60 min long queue (a drop slide, coaster, honu, etc)- go grab lunch before the lines build- eat, then you're ready to ride yet again- go ride- queue up for whatever you want- and then hit the lazy river/wave pool/torrent river.
If you're in the Wave pool or one of the rivers before noon- and you're complaining about waits- then you're doing it wrong.
I think the problem stems from people:
A) Arriving at 11
B) Eating at noon
C) Queuing for the wrong attractions
D) Doing rivers and wave pool too early
Or
E) All of the above. Tell me if you've read a review like this:
Arrive at park at 11am- excited to ride first ride so I queue for one of the most popular 200 minute wait drop slides. No problem, I'll just float the river. Bored after 45 mins- I'll just go to lunch at noon. What? A 30 minute wait just to ORDER food? After lunch- I go to wave pool. FINALLY, I can Ride my first ride at 2pm- then I'm going to Queue for the aqua coaster- it's at 200 minutes also. Decide to go back to the river but after and hour and a half, my party gives up and we decide to just leave at 4pm. So we got to ride one ride for the 5 hours we were there. Volcano Bay sucks!
Meh- no sympathy here.