It was a strawberry field, and yes Disney finally purchased the property (a very sad story by the way - it involved the long time owner of the property fighting against his own children).
Way back the property was planned to a hotel and a super-sized water theme park as "the third gate". The plan was to step beyond Typhoon Lagoon and the typical water park and make the place more like
Disneyland. For example, one concept was for a Winnie the Pooh ride were you actually rode in real floating honey pots. It's possible that some of the concepts from to Port Disney version of DisneySeas - the watermaze and the different swimming environments from different oceans - would have been used to.
In the business plan, all that was supposed to be built with the huge profits pouring in from California Adventure and be the centerpiece of Disneyland's 50th Birthday party. So much for the plans. As it stands now most of the field remains paved over and is used as an employee parking. There are currently no plans - official or even whispered - for the property.
That isn't sitting too well with the City of Anaheim. They are proceeding with a massive master plan to create an upscale urban core to the city. The area around Anaheim Stadium and The Pond is already being built up with high rise condos and high density housing.
One of the key elements of the plan is to create a long, wide boulevard through Anaheim to link the stadiums, the convention center and the tourist area together. The street would be many lanes wide with a park running down the center. The street would be lined with outdoor cafes, store fronts, theaters and apartments/condos.
What's ironic is that the best alignment for this boulevard runs right through Disney's abandoned strawberry field. There's already talk the city may take the property from Disney - and shockingly Disney has not objected to that plan.