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I can't say it is entirely accurate but my experience talking to the casual Disney consumer is that for the most part while the idea of Walt Disney is nice they really don't give a rats fart about him as an actual person. Heck, for most he is simply a mildly-interesting modern myth.
So while I can see an attraction or exhibit doing somewhat well, the man himself doesn't strike me as a strong idea for centering an entire park. That's not to say there isn't a very large body of people who do care intensely about the man himself, just not - in my view - enough to support a park.
I also wonder if a park about America in America is any less odd than a park about California in California.
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