I've done it with the lights on when someone requested it, being that they were scared of the dark. That was back in the days when the console box was by the queue. From what I remember, its basically a concrete floor, blue track, orange cables lines that follow the track, fans and misters everywhere, with a few 802 Bose speakers.
I don't think it has long left. Something was said 2 years ago (non forum) about it going soon, but that turned to nothing. Its quite reliable and the ride is slightly fun, so I don't see why they would loose the actual ride itself. It needs an upgrade though, if anything. It would be very easy to do something like Rock 'n' Rollercoaster or The Mummy.
I personally wouldn't even mind another branded ride if it means something happens to it.