It's a beautiful resort and I consider the free bus shuttles to the Disney parks to be a nice extra for when your family wants to split up. It's still easiest to get around by using your own car, although if you do, you need to pay Disney's parking lot fee once a day. Otherwise, it's as convenient to everything as Disney's Caribbean Beach Resort, next door, but Bonnet Creek is nicer.
Every room has the fully equipped kitchen, living room with sleeper sofa, private balcony or patio, master suite with king bed and jacuzzi tub, separate shower, and inroom washer/dryer. If you get a 2BR, there's an additional BR with 2 double beds and another standard bathroom... and so on up to a truly amazing and luxurious 4BR presidential suite.
The main pool area has a zero entry pool, a floating river and a kid's water play zone. They often have evening movie nights at this pool. The second pool area has a water slide and it's next to the free mini-golf, playground and sand volleyball. There are poolside grill/bars, game rooms, a free-use computer library (4 PCs), pool tables, ping pong and numerous organized activites, crafts, games and tournaments. All of the buildings are lakeside with a walkway at the water's edge so when the final buildings and the Wyndham hotel are finished, you'll be able to walk around, circling the lake and accessing all of the amenities from anywhere on resort. The hotel will include several restaurants, shopping and new pool amenities, as well as the final phase of the resort having an additional pool area.
If you don't mind the absence of the Disney onsite perks and you just want to enjoy a gorgeous resort with excellent condos and amenities very near the Disney parks and Downtown Disney, then Wyndham Bonnet Creek is a top choice, IMO.
Within the larger Bonnet Creek development, there will eventually also be a Ritz-Carlton, a Waldorf-Astoria and a new Hilton high-end hotel, as well as a new, designer 18-hole golf course. But these are not going to be open until at least 2010 or even later, now that construction has stalled everywhere.