It is technically "refurbishing". Most CM's have "let it slip" that the ride is totally being rehashed. Supposedly, it will become "Goofy's Superstar Limo" and will feature Chauffer Goofy taking you on a tour of Stars homes. It is still up in the air as to whether this means the "toontown" side of hollywood, as featured in Roger Rabbit, or the "reality" side, featuring normal actresses and actors. (My vote is for the toons, if it will feature goofy).
Anywhoo, it will be open again, but as what, no one can say for certain.