Kevin, I totally agree with SeaSpray. We stayed there in May of 2001, when they were doing the room renovations, and we had a newly renovated room, and it was wonderful! The colors were cool and peaceful, the room was of a good size, and the grounds were very nice. The pools were all lovely, and the beach was beautiful.
We haven't had a chance to visit since the Old Port Royale renovation, since it was just completed 2 weeks ago, but from what I have heard, it is a great improvement over the past food court, and you no longer have to pay at each individual food area, but can go to many, and pay at a centralized location. There is a brand new sitdown restaurant, named Shutters, and if it is like the Shutters at Vero Beach resort, you will enjoy it.
As for areas, I also tend to agree with SeaSpray. Our 1st choice would be Jamaica, as we don't mind the walk from there to Old Port Royale, and we like the colors of the buildings in that area, and the fact that it is the 1st bus stop going to the parks, and coming from the parks. Our 2nd choice would be Martinique, for the proximity to the Old Port Royale, and the main pool, but if you get too close, it could get a little loud... that is why it is our 2nd and not our 1st choice... we like things quiet!
I think you will be pleased with CBR... oh, and at night, you can see the fireworks from Epcot if you are on the beach... ask for the specific location, though!