...or did they? It was once inconceivable that the insignificant "little brother" could ever surpass the established giant. And yet.....
We are not in disagreement. I don't believe that Disney needs a response
in the Summer of 2014. Over time, certainly continued evolution is needed. And there are indeed big things in the pipeline, working their way through Disney's Byzantine process.
The thing about Universal is that they've done Hogsmeade and London, I'm not sure what they have left. I don't believe there's room at IoA to build a version of Hogwarts itself that guests can actually explore, so other than the anticipated Hogsmeade expansion, the Harry Potter franchise may be close to tapped out.
Obviously, they'll go after other properties - but I can't think of anything out there that would have the massive appeal of Potter. There's talk of Lord of the Rings, but I think that the very faithful crowd that would love it is much more of a niche audience than HP is.
In short, I would suggest Universal has already hauled in the biggest fish in the sea. It will be hard to continue the momentum they have right now with such a built-in audience.
Universal will hopefully continue to do big new projects and do them well. But Buzzin made a great point that they're already being impacted by space issues. And I'm suggesting that none of the future projects may have the built-in audience clamoring to knock down the door the way Hogsmeade and London did.
Then it's up to Disney to similarly continue to innovate over time - not on a year-by-year, attraction-by-attraction response, but by being comparable over time periods of about 4-5 years.
I know we've heard this before, but if everything that's part of the current strategic plan (at the corporate level, not just in WDI) gets greenlighted, WDW fans will be very happy in the next 10-15 years.