Disney released the August 2012 operating schedule here: http://media.disneywebcontent.com/StaticFiles/DTA-Domestic/pdf/ParkHours/WDW_Operating_Calendar_aug.pdf. Click “refresh” on your browser if it still shows August 2011 in the top right hand corner. You can rest assured that this is the “official” entertainment schedule and operating hours. DisneyWorld.com most likely won’t show August’s schedule until the end of the month, even if the hours are programmed into the website much earlier.
August is busy, up through about August 26th when things will die down substantially going into September. This is evident in the longer hours of operation, abundant nighttime entertainment, and the summer Extra Magic Hours schedule. If you’re flexible with your dates and looking to minimize overall crowds, you’ll want to visit as late into August as possible. Ideally, you would put off the trip until September, but that isn’t always possible with school schedules and other commitments. August is also hot. Very hot.
The 2012 August Crowd Calendar image will come shortly after I make the February 2012 updates and the daily analysis will follow that.