I stayed there back in 2003 in a new bldg in the East Village. This was before water park part (River Island???) was built. Our unit was beautiful!
OL is huge. They have shuttles running w/in the resort. When I was there, they did have shuttles to WDW, but they were not free. They had lots of activities some free and some not. They had some kind of buffet dinner once night by the main pool (not free) and some kind of beach party w/ music I think on Sundays. I don't know if it is just during the summer that they do these. I was there the first week of October, and they were going on.