Hi Stephanie,
Details about the new Be Our Guest restaurant are slowly emerging. The restaurant will be counter service at lunch time and table service at dinner time. For dinner, reservations are recommended.
The full menu has not yet been released, but the Disney Parks Blog did have an interview with the chef, who revealed details about
some of the French-inspired dishes.
In addition to Be Our Guest, the new Fantasyland will also feature "Gaston's Tavern." We do not yet know whether this is a full restaurant or something smaller. There is no alcohol served at the Magic Kingdom, so the "Tavern" name has everyone wondering. I'm excited to find out what they will be serving.
These venues are scheduled to open for "holiday 2012," so stayed tuned and we'll have lots more information later in the year.
Good luck with your planning. Please let us know what else we can do to help.