I went Saturday August 9th for the first time and here was how my family did it:
-Arrived 20 min before opening so we were at the gate basically when it opened
-Went straight to the lower lot and was able to ride Transformers, Mummy, and Jurassic park in the first hour
-Tram Ride
-Simpsons
-Pet Show
-Shrek
-Lunch
-Waterworld Show
-Sounds Dangerous
We were out of the park by 2 and happy to hit all the things we wanted to do with minimal wait. We did not care for Despicable Me, so we missed that, but it was a very successful trip. I highly recommend hitting the lower lot asap in the morning.