Maybe I'm viewing the whole issue more optimistically than is really healthy, but I'm actually really excited about FLE and whatever ends up in it. I've been looking forward more to the atmospheric elements of the expansion than the rides, anyway. While I was never thrilled with the whole M&G element since I'm, you know, a guy, I was really excited about the whole "Fantasyland Forest" concept, of walking into a fully realized, thematically complete new land, filled with great architecture and exciting little details. Yay for big new Omnimover ride, sure, but that's not what has me excited.
Regardless of what actually ends up at the site of the old lagoon, there WILL be something good, and the rest of the park WILL be better off for it. Pooh is finally getting a good themed queue, and IASW's queue is also getting a significant upgrade. Many other exteriors in the park are being, or will be, rehabbed. The fact that Liberty Tree Tavern and pretty much all of the Main Street facades are getting minor but important work done on them NOW is probably not coincidental.