Is between the twin gift shops at the entrance to WS from the FW bridge. Standing only. We stood there for a private event a few years ago and it was actually a great view. I was surprised. If I recall right, the area is sloped. WE stood at the back because I am really short and I had a great view. It will be roped off with CMS checking as you enter.
We booked it as a FP+ for our upcoming trip.