FEA was down all morning on the day we went to Akershus for breakfast. We had waited for one hour in the FEA line until they made an announcement that there may be a long delay.
At that point we left to use our Soarin' FP, etc. Lucky for us, FEA was running when we returned to EPCOT that evening and we finally made it on. We all really enjoyed FEA, it's really a shame that the ride is down so frequently. We did notice that there seems to be a problem with the boats. At one point we were really jolted by the boat behind us; there seems to be an issue with the track and portions of the ride seemed a little rough. They have a ways to go before they work out the bugs on FEA. If the ride is up and running when you finish the princess breakfast you will not have a problem riding before the standby people arrive as long as you are in line by at least 8:50.
By the way, the standby crowd was ginormous. It was pretty amazing just to observe the mass of humanity approach FEA from Mexico.