Yes, sadly the former Festivale was scrapped in 2004, making her the first Carnival ship to meet this fate. Prior to joining the Carnival fleet in 1977, she was built as Transvaal Castle. In 1996, she was sold to Dolphin (my all-time favorite line) and named IslandBreeze. She eventually became Premier Cruises' Big Red Boat III. We nearly booked a cruise on her when she homeported in NYC for awhile -- I forget why we never did.
As beautiful as she was, I am sure you will find your upcoming cruise much different.