I'm surprised no one has commented about this yet. This past weekend Inga wrote a fluff piece about the new plans for the Delaware River waterfront:
Revising strategies on Delaware waterfront - Philly.com
On the plus side, it seems more realistic than some previous plans. It sounds like they won't be extending the cap over I95 to encompass all or most of center city, which is too bad since that seems to be one of the major psychological barriers that prevents people from using the waterfront. Other than that, it looks like a bunch of parks that I can only assume will be poorly maintained. I'm not holding my breath that any of this is going to happen though.