Here goes the official rumor machine at Cedar Point again. Seems they are making a point of the fact that they are making a larger space around the old log flume. There is little doubt that the 2007 ride will be in this area and based on the space created will be pretty significant in size.
I vote for a water coaster, but a lot of forums are speculating that it will be a new wooden coaster.
Here is the official blog.
http://www.cedarpoint.com/public/fun_on ... 42cce44ade