Not a good year but I don't think anyone expected it to be.

http://www.cedarfair.com/ir/press_releases/index.cfm?current_root=15&mode=story&story_id=209

Here's a part that I found interesting to us locals.

“Over the past 12 months we have accomplished initiatives that have reduced debt by approximately $110 million and addressed our capital structure,” said Kinzel. “This has been done through the reduction of our annual distribution rate, the sale of 87 acres of surplus land in Toronto, regular amortization payments and an extension of $900 million of our term debt. We have also considered several alternatives including the sale of selected assets, issuing additional equity in a public or private offering, as well as others, but concluded that, in the current market environment, these are not executable on terms that would be beneficial to the Company and the unitholders.

It sounds to me like WoF and Valleyfair are probably off the market (unless someone offers asking price).

What would you theme it to?

I remember walking through the one at CP and later someone told me that it was the themed after the seasons.  I had no idea.

As far as themes go, I think it would be cool to theme it to the different parts of the park, or maybe to different cultures.  Europa would be the most logical section of the park imho.  There are two separate entrances/exits, and it would hopefully generate some much needed revenue in that section of the park. 

As far as a new CEO/COO, I'll keep those opinions to myself, but I'm pretty sure the person taking over the company in 2012 is already running it and has been for a while now.