This was my initial reaction as well - that they are tearing down communicore, the fountain, most of the spine and replacing it with empty green space a la the MK plaza. However, looking more closely at the fuzzy, vague art, it does look like there are a bunch of small buildings amidst the trees. Hopefully a higher res version of this will show up at some point for us to scrutinize more closely.
I am worried that this looks like a scenario where no new attractions/shows/exhibits will be added to the area formerly known as innoventions - that it will just be shops and food kiosks.The recent exhibits and Sum of all Thrills weren't the greatest, but they were better than nothing.
I do like the aesthetic of the FW revamp though.