If you are looking to be close to Universal, the location looks great. If you are thinking Disney, with all of the traffic, I think you can do better. If you look at my signature, we just got back and stayed at a Sheraton property in a one bedroom. It was 800+ sq./ft., full kitchen and washer and dryer. We paid less than $850 (total) for 6 nights over the July 4th week. The deal was for a non housekeeping unit (no big deal for us). The only thing I'd point out, is that when you book, note the square footage. They also have one bedrooms that are closer to 500 sq./ft. for the exact same price as the one we got--just pick the larger one. Then I'd request the St. Augustine section (newest built).
It was very close to Sea World as well as less than 2 miles from Disney's gates (easy access once you knew not to take Vineland anywhere). Great resort and accommodations. We own DVC, but were out of points and found this to be a very nice option for a non-DVC stay.
Hope this helps. PM me if you want me to send you some pictures or something.