This is supposed to be the new Darkmoon Carousel, instead it's a hole of doom. I tried to jump into it on 1 of my charathers and I fell into and now I can't log into that charather again.
P.S You get a 60 min buff called ''Whee!'' that gives you 10% extra reputation and experience if you go near it! (Supposed to be from the Carousel :P)
Edit: Sorry for the big picture. :P