Kids Universe is the "Fun Ranch" innovation of SM Malls. It is the latest kiddie place that opened in time for the Christmas season in SM Mall of Asia. With the World Pyro Olympics being postponed to early next year, there is really no other "new" place to go with your kids. There's no new Carnival or visiting exhibits like the Dinosaurs last year (except for the traveling Big Blue Whale Exhibit in Ayala Malls).
One of the reasons you might want to consider visiting Kids Universe is that it houses Cosmic Kidz, the biggest Kiddie Play Area in Manila -- about 4 stories high. I'll give you a photo tour of the place so that you can use it to share stories with your kids. Also, I'll share with you potential dining options around the area.