Universal explained that the ride will be one of the most “highly-themed coaster experiences” that they’ve ever opened. The Wizarding World of Harry Potter is already highly immersive so that’s really saying something.
The new ride will be taking over the space currently known as Dragon Challenge at Islands. It will be closing for good in September to make room for the new ride. It’s likely that Universal is trying to stay up with the competition since Walt Disney World will open Star Wars: Galaxy’s Edge in 2019 as well.