We stayed at Bonnet Creek during Christmas Week 2006 in a 2 bedroom suite. It was very nice and we were extremely happy with it. We were in Tower 3. Here's a brief report:
Pros:
-- great view of the Epcot fireworks and could see some others in the distance as well.
--kitchen was well equipped
--the master bath included a jaccuzzi
-- master bedroom had a king bed and the other bedroom had two doubles or queens. There's also a fold out couch in the living room.
--beautiful, new decor.
--helpful staff
--Main building has good kids activities, nice workout room, game room, computer access.
--cool pools and minature golf.
--nice hot tub
--an outdoor grill you can use(I think for each building)
Not really any cons, but I would probably stay in Tower 1 or 2 if possible. Tower 3 was a little far from the bus stop, main building, and the larger, more kid friendly pool. My brother-in-law, who owns there, stayed in the Presidential Suite, which was even more luxurious than ours. It had 4 bedrooms AND baths, a huge balcony and a great kitchen.
The bus service is a little inconvenient because we had to book the day before. A couple of times they didn't have our name down even though we called well in advance, but they let us on the bus anyway. I would highly recommend renting a car. It's a short drive to all the parks and DTD. They are building a Wyndham hotel right next door, really part of the same resort, so that way they will have more restaurants and amenities.
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