We stayed there in Nov. 2002. Very nice hotel for the price we paid, $52 a night tax included. We (wife, 4yo & me) stayed in a room with a King size bed w/ a fold out couch. Plenty of room for us (6 nights). A nice contenital breakfast, the usual stuff, but what I really liked was you can also make your own waffles.
The only bad part was the pool, it sucked! It was small & plain jane, no atmosphere, but those weren't really the problems for us. The water was so darn cold!! The weather was even in the 90's for the first few days we were there. They advertise it's a heated pool everywhere but it wasn't then. We only went a couple times for short periods of time because the water was so cold.
The hotel is less then a mile from Disney's main entrance, which doesn't mean much. Downtown Disney is probably less then 3 or 4 miles. Magic Kingdom is quite aways, maybe 15-20 minute drive, Disney World is a big area!
Overall I think it's a *great* hotel, *if* a nice pool isn't that important. When we go again, we won't stay there just because of the pool.