The Magic Kingdom is to begin testing a trial Fastpass for a reserved viewing area for the Celebrate a Dream Come True Parade, beginning October 23 2011. It will be tested over the next few weeks and will end on November 12.
The parade Fastpass will be distributed early in the day at the Magic Kingdom by Cast Members presenting them as “Magical Moments”
The return time on the fastpass will be for between 10 to 30 minutes at a prime viewing area somewhere in the hub in front of Cinderella Castle. There is talk that the location will change a few times over the test period as Disney looks to see where it would be best situated.
Can't say I like the sound of this very much