I wrote a long message before but closed the window before it sent properly!!
Anyway, we stayed here in October 2003 and it is a really nice resort.
We stayed in Aruba, i think, which is accross the lake from Old Port Royale (where you buy food and where there are shops). There is a bridge connecting one side to the other and it only took about 5 minutes for us to walk from Aruba to Old Port Royale.
A tip - if you are using disney transport we would get off at Old Port Royale at the end of the day, fill the refillable mugs and then walk back to our room (or if you are lazy there is an internal bus system going around the 'islands'

) We also did this in the morning - walk to refill the mugs then get on the bus to the parks from the Old Port Royale stop.
Each 'island' has its own pool... i could see the midnight fireworks at pleasure island from the pool and also from the beach.
It is really close to Epcot. At the bus stop one night at Aruba we could see a little bit of and hear illuminations at 9pm. Also i walked to trinadad area (furthest from Old Port Royale i think) and had a good view of part of spaceship earth at night.