I am extremely sad about this news, the masterplanning of the resort and long-term future were so promising IMHO, the best of all Disney resorts. Oh and btw, if there is no second park we can also say goodbye to our hopes of having a Downtown Disney leisure and shopping area...
With the resort fully developped, it could have become an amazing destination with two world-class theme parks, hotels, shopping and dining all in the middle of nature, between mountains and sea, but in a bustling city and close to one of the world's busiest airport...
Now, HKDLR will forever stay as a second tier tiny Disney resort for locals and fans. Its competitiveness against Tokyo and Shanghai is over...
EDIT : of course, this is my opinion as a fan of the resort, I totally understand the social and political reasons behind this decision.