Rumors are on the swirl all over that there is a possibility that the original Tropical Serenade by the Enchanted Tiki Room maybe on the horizon for a return this summer. Since the fire that has apparently damaged the Iago Audio Animatronic the attraction has been closed and it has been said that replacing this particular AA is extremely expensive. It has been heard on WDWNT that at least one of the birds from the pre-show has been removed, and Disney has no word on the attraction. The attraction was originally set to return soon, but that date has since been pushed back all the way to July. Pretty long closure for a quick facelift.
It is apparent that it may cost less to return the lovable original Tiki Room then try to reopen the Under New Management updated show. It is also convenient that this marks the 40th anniversary of Walt Disney World, and what better way to usher in the celebration then to bring back an attraction that Walt Disney had a big hand in creating (in Disneyland however) It would not be surprising to see this attraction reopen as Walt Disney's Enchanted Tiki Room. It does have a bit of a ring to it.
thanks to wdwnt.com for some of the rumor.