It's still there. I think there are some children's activities in the cabin (coloring or something). And there is often a cow and goats out for the kids to pet. (The area is sponsored by Brawny, so I know there is water, soap and paper towels out for after you pet the animals. You can also see, but not pet, the "Happiest Turkey's on Earth", the turkeys that are pardoned on Thanksgiving by the President. They live at Big Thunder Ranch.
During the holidays, Santa's reindeer are there, and you can have pics with Santa and Mrs. Claus in the little log cabin.
Big Thunder Bar-B-Q is sadly, gone forever. Sometimes the area there is open, but mostly it is closed. The Festival of Fools stage that was behind the Big Thunder Bar-B-Q is closed to the public, but often used for private events.