Hi Lesli,
Just in the last couple of days the first phase of the new Storybook Circus area of Fantasyland 'soft-opened' at the Magic Kingdom theme park including:-
The first part of “Dumbo, the Flying Elephant,” with Dumbo spinning clockwise for the first time in Magic Kingdom history
“The Barnstormer, Starring The Great Goofini,” a family coaster attraction featuring Mickey’s best pal and
“The Fantasyland Train Station,” one of the three stops for The Walt Disney World Railroad.
You can read more about this and see some great photographs on the Disney Parks Blog post
"Storybook Circus 'soft-opens' at Magic Kingdom Park" dated 13 March 2012.
I would recommend that you stay tuned to the Disney Parks Blog for more updates on the Fantasyland expansion.
Wishing you a magical trip filled with memories which will last a lifetime!