Disney is in the distance (you can make out incons like the castle/moutain chain, Epcot ball, Tower of Terror and Contemporary hotel) but the views of Downtown Disney are spactacular. And yes, they do charge more for these rooms. These rooms are also more used/worn than other rooms (like the rooms surrounding the spa) but that shouldn't matter too much since the renovation.
Bus service is included in the resort fee (mandatory... use to be easy to get out of, but not anymore)... the Downtown Disney bus transportation is -- without question -- the best non-Disney bus transportation system.
As for an opinion of the hotel... many are available on tripadvisor but read them with subjectivity. I like this hotel but many don't since it is your typical upscale, convention-type hotel (re: lesiure travelers are secondary and all food/drinks are priced toward expense accounts -- but not that much more than Disney). It's a great value -- usually around the price of a Disney value resort or a little more -- and you get the service/amenities of a luxury hotel.