DVC plans for the Polynesian are being scaled back further. It appears that the Tahiti and Rapa Nui buildings (i.e. the buildings closest to TTC) will be converted to Studios. No 1 or 2 bedroom villas are planned. Such a straightforward conversion from cash to Studio room is the least expensive and fastest way to create DVC inventory.
In addition, 20 bungalows centered around Sunset Pointe are planned extending out over the Seven Seas Lagoon. Even though these reportedly will sleep only 8 (typical for a 2-bedroom villa), Disney intends to price these as Grand Villas, which normally sleep 12. Construction is supposed to start this month and is rumored to take about 2 years.
After opening in 2006, it looks like the Animal Kingdom Villas (AKV) DVC is on track to finally sell out in 2014. AKV is an absolutely beautiful resort but it appears prospective DVC buyers were turned off by its location, which is on the very most southwestern corner of WDW, far from everything except DAK and BB.
Meanwhile, the Villas at the Grand Floridian (VGF) DVC is scheduled to open in October. Preopening sales have been brisk and, with only 2.5 million points, VGF is one of the smallest DVCs ever built. If sales remain strong, it should sell out sometime in late 2014 or early 2015.
It appears Disney is trying to accelerate completion of the DVC at the Poly in order to provide DVC guides with WDW inventory to sell. After relatively slow sales for a couple of years, DVC sales in both the direct and resale markets rapidly expanded in 2013. Once AKV and VGF sell out, the only DVC property readily available will be Hawaii's Aulani.
Perhaps most revealing is what is not being openly discussed. By scaling back the Poly DVC, Disney almost certainly will follow up with another major WDW DVC property that will need to be in place once the small Poly DVC sells out. In the past, locations such as Fort Wilderness and Epcot have been mentioned but nothing definite yet.
Sadly, it appears WDW is slowly being converted from a theme park centered business into a timeshare centered business that happens to have some theme parks nearby.