A friend of mine who works as a CM called me a while ago and said he had the "inside word" on the Tiki Room. I have absolutely no proof of this but thought it would be fun to post as a total rumor. He HAS tipped me on a few things that have ended up happening (i.e. the ghosts changing at the HM) but has been wrong multiple times as well. Here's what he said:
Disney had shelved the actual update for awhile due to budget, but that they have had plans ready to go for awhile. The rumor mill had it on again off again for the last year or so.
They want to be able to market a "New Show", but also to keep costs at a bare minimum. That means leveraging existing show productions currently in existence, but adding in enough to call it "New".
The idea is to use "classic elements" such as the opening tune, magic fountain, tiki driven finale, rain storm, etc, but to not return the entire show which was judged as poor on surveys in the years before it left. These are already show produced and would only require a minimum of refreshening
Some elements of the Tokyo show would be used due to it's popularity and the fact that the elements are already show produced. A few new show elements would be produced new. Most would be transplants or existing.
Here's the interesting piece. The show would have random elements that changed each time. So, like the new Star Tours, there would be a random middle element and ending element. The computer would select and "blend" the three portions for a seamless show. WDW could market that element as a "40th anniversary extra" or something like that.
They were NOT ready to fund the changes until the fire. But the incident forced their hand, and with the recovery of insurance the opportunity was too good to pass by. He also said that information seems to be changing all the time and he can't always separate rumors from facts, but that's what THEY hear is happening.
Last he said that the animatronics were being repaired, not replaced. Nothing new mechanically unless absolutely necessary. He said that there was pretty extensive damage to things like speakers, lighting, etc and that stuff was going to be replaced so they anticipated a much more up to date sound and lighting system, but repaired animatronics only. No Zazu or Iago. (One of them was damaged beyond repair and the other will be removed)
So two things before I finish. I have no "inside contacts" at WDW beyond my friend. He could be totally wrong or "munching" on random rumors. He is a pretty big DisneyGeek so his excitement could be getting away from him.
But wouldn't it be cool if he was right?
Then again, he also told me several years ago that replacing the entire track at Space Mountain was a "done deal".