Wow, old thread. A lot has changed since this was last updated.
And you mean World of Color. Not Wonder.
Show FPs do not count against you like they do at WDW. They're more like placeholders rather than actual FPs. So you could pull one for say WOC, F!, and still pull a ride FP all in a short time frame without them impacting each other. They don't have FP for meet and greets or the shows like Frozen anymore currently, but those don't count against your FP either.
That said, the parks are now connected. No more doubling up on ride FPs (but again: show FPs do not count as actual FPs). This change happened last year not long prior to MaxPass being introduced. So if you were to say pull a FP for RSR, you couldn't go pull a FP for SM until either two hours had passed (hour and a half if using MP) or the ride window had opened (whichever occurs sooner).
It's a far more generous program than WDW that counts shows and meet and greets as actual FPs. You also don't have to wait longer than two hours (hour and a half with MP) for your next one like you might encounter at WDW.
Note if you do use MP, you can only pull ride FPs with it. Show FPs still have to be pulled from their kiosks.
Side thought: I want to be there on a day one can pull a regular FP for SM at 3pm with a 4pm return window, lol!