Via wdwthemeparks.com per Jim Hill's 03/11/2013 Unofficial Guide's Disney Dish podcast:
While the concept of Pixie Hollow doesn't exactly scream "adventure", I think few of us can argue that SFT is relevant outside of nostalgia and a rework was coming sooner or later. This would bring some balance to a stereotypically boy-centric land in the park. And as long as it's done unobtrusively, I really wouldn't mind. It's not an attraction I would visit, but I do have younger family members who would enjoy this.
Rumor Status: Blue Sky
On the March 11th episode of the Unofficial Guide's Disney Dish podcast, Jim Hill mentioned that the Pixie Hollow concept that was part of the original incarnation of New Fantasyland is being reconsidered again. This time it would be located in Adventureland and utilize the existing structure of the Swiss Family Treehouse.
While the concept of Pixie Hollow doesn't exactly scream "adventure", I think few of us can argue that SFT is relevant outside of nostalgia and a rework was coming sooner or later. This would bring some balance to a stereotypically boy-centric land in the park. And as long as it's done unobtrusively, I really wouldn't mind. It's not an attraction I would visit, but I do have younger family members who would enjoy this.