Our DD was two for our Nov. trip and is approaching 2 1/2 for our Feb. trip. She loves WDW and is soooo looking forward to going back. Two year olds are however very different in what they will tolerate and like and you'll quickly learn what they like once they are there!!
Our DD loves the characters especially the costumed ones. The "face" characters she was a little unsure of at first, but then warmed up to them too. She still talks about our breakfast in the castle with the princesses and our lunch with Pooh and friends.
DD's Fav's this past trip:
MK:
Dumbo!! #1 ride for her (she called every spinner ride, "Dumbo"
Carousel - close 2nd fav.
Winnie-the-Pooh
Alladin's Magic Carpets
Train
Toontown houses and playground
IASW
TTA
Indy Race Cars
Share a Dream Parade
Cinderella's Surprise Celebration
Meeting characters
Horse drawn trolly up Main St.
Shopping on Main St.
She's already told us she wants to try the Teacups (no spinning) and Barnstormer for this coming trip.
AK:
Tri-Ceratops Spin
Boneyard
Slides near the boneyard (we could hardly get her out of here)
Festival of Lion King
Train to Rafiki's Planet Watch and petting zoo
Jungle Trek Walks
Safari
MGM:
Muppets 3-D
Playhouse Disney show
Epcot:
Imagination
The Land
The Living Seas
Mexico boat ride
Spaceship Earth
Kidcot centers
DD also considered the monorails, busses, and trams "rides." She got upset when we took our car to the parks b/c she wanted to ride the bus!!
She absolutely loved swimming in OKW's pool - we were there after her nap and often after dinner too!
She also loved DTD, called it "MIckey's Mall" DD also loves eating in restaurants so all of our meals were fav's for her too.
For dislikes DD did not like dark or loud rides or portion of rides. So we often avoided them or she would close her eyes during a segment of an otherwise "tame" ride. We also did not do any of the fireworks shows up close as we did not think she would like that very much. We saw MK fireworks from the parking lot and that was fine.
Just see what your little one likes and I'm sure you will have a magical time!