Schrodstrip,
We last stayed at AKL almost 4 years ago in 2001, not long after it opened (we're returning next month). We went to the Storytelling at the fire pit one night and my then 14 DD and 11 DS were totally bored within 5 minutes. Now that is just our experience and we might have hit it on off-night, plus I'm guessing they have different storytellers now but IMHO, I wouldn't make a special effort to be there (is it still 7:30PM?) but if you happen to be in the area you may want to stop by and check it out. There really aren't that many activities geared to kids other than the arcade (the lodge tour and culinary tour are definitely worth doing for the adults) but between the pool and the animal watching, my kids were defintely entertained while we were there.
Hope this helps a little!