Yes, it's right across the street. For those who haven't been - as soon as you exit out of Shrek in the gift shop - it's directly across the street. They've done up a nice shack with spots for photo ops with Shrek, Fiona and of course the Donkey. He's hilarious!
In case you don't know, he'll hold actual conversations with you, pose for photos, etc. Very, very cute!
Shrek 4-D was an amazing ride. The guy working in the preshow was really funny too! Be sure to see this one, its especially great if you love shrek like i do