Just my two-cents, but what would be so wrong with placing this themed water feature someplace like here, just outside the Great Ceremonial House at Poly, where the old cascade / falls area used to be?
Not sure if that'd be enough space for what the area would require, but as far as theme and story goes, Poly fits like a glove.
As far as the potential goes to generate more revenue, a nicely themed water feature sounds fun, and something I'm looking forward to experiencing while at Epcot, but it's not something I can see too many people planning more days at the park, spending more, and so on, just because of that. An E-ticket, sure. But not that. It's a nice plus to experience while there, not a vacation game-changer as far as planning days go.
But, if it was a new feature added to a resort, people who might have never, or never planned to tour the grounds possibly could decide to do a side-trip to Poly to check out the new feature some afternoon, dine, shop while there, or be inspired to splurge and book their next trip staying there.
Theme-wise, this thing is screaming Poly. But like I said in another post, the product sounds nice. The location is what I'm iffy about, but not enough to lose any sleep over it. It is what it is.