Sadly, it doesn't float, but lucky for us, in an effort to be cheap, World Showcase Lagoon is actually only 10 feet deep and painted black so it appears deeper. A bridge was constructed overnight to allow entrance to the new "magical boatride," which uses the old Discovery River Boats and does feature Disney's creative FASTPASS service. Furthermore, the new Pani system has allowed for Disney to project the Reflections of Earth right on the 160 foot geosphere during the fireworks after the tidal wave created destroyed the Earth Barge. Furthermore, due to the demolition of Italy, the American Adventure, Morocco, and France, countless new viewing locations have opened up around the World Showcase Promenade. Luckily, the newly named 230-foot Epcot Streetsign is still intact, serving as a sparkling gateway into Epcot. A new character greet/pin shop has opened at the former site of Spaceship Earth, along with a churro wagon.
There are further plans to reinstall a new Talking Drinking Fountain attraction, which will also feature Disney's FASTPASS service. And, lastly, something I have received HUNDREDS of PMs wondering about--there will be pins released commemorating the new Waterworld Earth attraction as well as the Epcot Streetsign, Talking Drinking Fountain Attraction, and the creatively named Mickey and Friends Meet 'n' Greet with Pins and Churros attraction.