Maybe each bungalow will have it's own private pool...
I don't understand it either. The whole appeal of over-the-water bungalows are the see-through glass floors revealing the sparkling clear water below and the ability to jump right into the water. I'm not really sure of the appeal to the bungalows over just staying in a theme park view club level room. Both have a view of the same thing. Privacy? I guess. I would think it would be less private with a large ferry and numerous Friendship boats tooting their horns and carrying hundreds of guests by, the hoards of people on the beach before the Electric Water Parade/fireworks, and the rented boats whizzing past.
I am all for Poly DVC, though. I can only rent OKW, BLT, and AKV points for so long!