Yes, I was there in 2007. We stayed at the Grand Caymanian (via a DVC trade) and LOVED it even though it wasn't on Seven Mile Beach. I agree with wdwmom2 that swimming with the stingrays is awesome. We also did a submarine tour of the bottom of the sea. I'd love to go back sometime.
We've ben there 4 times, staying in everything from cheap hotels to private condos to The Ritz Carlton (all on 7 Mile Beach). It's gorgeous and we have always felt very safe there, even walking the streets of 7 Mile Beach at night. Lots to do - Stingray City, Turtle Farm, visit to Hell, snorkelling, diving, etc.
We've been a couple of times by cruise ship and spent a week at The Reef. While we had a great time there for the day, I wouldn't spend another week there. DH and I are pretty active and we were both bored after about 4 days. We were definitely ready to go home at the end of the week. The island isn't all that big, so not much to explore.
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