I was able to catch the media event for the rebirth of the volcano at The Mirage last night.
Photos from the event are here. A video is embedded after the jump.
I loved the new setup. It's so much more fun than the old version. Not only is there more fire and better music but the entire structure just looks much cooler - the rock is more natural looking and 'veins' of lava even show up when it's blasting.
The 'FireShooters' that WET Design built for this project are custom - part of the high cost is due to investing in new technology to make it one of a kind.
After being a sorta 'bleh' attraction for some time, I think this is now near the top of the list of recommended things to check out on your next trip.
For those interested, there are also a bunch of Encore and WLV photos in the gallery as well.