Nah, I think the shorts are here because they are short sighted, and primarily don't appreciate the value of this annuity based I/P business. 1 billion is no biggie these days, plus, could be in the form of I/P, or other asset class, as well.
Bigger item to me is that this significantly differentiates DWA from some of the other wannabes in animation. Particularly as Kung Fu Panda succeeds in China (and other movies) this puts them FRONT AND CENTER on Disney's radar as an obstacle to dominance in China that they will have to contend with/acquire.
All I can say is that between 10/31 and 11/30 short interest increased by 5.3 million. Given market conditions and the low volume if something favorable is released it will make for one heck of a squeeze. Party on.