Hi everyone,
I know how you feel about Screamscape's rumors not being legit, but according to their website, they are planning to move Festival of the Lion King to the Africa area, so they can demolish Camp Minnie Mickey to create the Avatar land. In the mean time, they will try to improve the show as well. To me, that sounds like it can be a possibility if they officially decide to use the original Beastly Kingdom area. :shrug: For now, just take this rumor with a grain of salt.
(10/11/11) According to the latest rumor, Disney may be working on plans to move the still popular Festival of the Lion King show over to a new theater location somewhere in the Africa area of the park. The thought behind the motive is that the Lion King show will be moved just in time to begin the demolition work to the rest of the Camp Minnie Mickey area across the bridge, making way for the future Avatar land to open in about 5 years.
As for the Lion King show itself, I can only imagine that if Disney were taking the time to move the show to a new theater, they will also be taking the time to retool and reinvent the show into a somewhat new experience as well this time around. Hopefully more will come to light about this soon.