Here's my take on the situation.....
I really believe the primary reason attendence is down is the nation's economy. I live near 2 amusement (not theme) parks, Cedar Point in Sandusky, OH and Six Flags also in OH. Both parks seem to really be competing to get people to the parks. Lots of special rates, give aways, etc. We have season passes to Cedar Point and have been there 3 times already and there is a significant decrease in attendence compared to this same time in previous years. And I have never seen so many different promotional deals going.
As far as WDW goes, there are added reasons. First the nation's economy. Then the lack of the "new" and "must see's"!!
People have seen that with the "Millenium Celebration" if a "special event or attraction" is good, then WDW will keep it, ie. the Tapestry of Nations parade. As far as the Millenium Village, IMHO that was a waste of time and space.
There are people waiting for the Walt's 100th celebration too. But I don't think that will be a big draw for next year. So far it seems the only "new" things planned are the parades. And everyone knows that parades are usually around for more than just a few years. How long has Magical Moments been around???? Too long IMHO!
Now as for the wait times..... Let's remember that Fast Pass has been added to so many of the popular rides in just the past year and half!!! I think that has been a major factor in decreasing the wait times.
One last thing.........I agree with Carl on the lack of incentives for AP holders, DC members and DVC members.
I do believe though WDW will always shine through and continue to make MAGIC and make money.
We just went in May and are already planning our trip for next June!
