Guys, we have the confirmation, this is more than just Pilgrims Plunge.
Here, we can see some supports rising back skywards after the main drop from the lift, so lets see what we get!
This image better shows the bottom of what is presumably the main drop, here we can see a smaller concrete trough compared to the standard splash pool of newer water rides. This combined with the supports rising back up tells me the splash here will only be a small one, something along the lines of Atlantica's initial touch down at Europa Park.
On-wards and upwards towards the 20million Euro Budget from here
I really do look forward to seeing this develop!