we also were there from May3-May 8th.The first time we were there in May. I really enjoyed this time of year. But it seems Magic Kingdom is always busy, no matter what time of year it was. The night of the parades, its a total madhouse there, so much crowds everywhere. With the other Disney parks, the lines werent bad at all. Most standby times were no longer then 40 minutes. But , the key is to get there at opening and you can ride so many more rides in a shorter period of time.
We dont stay on Disney property, so no help there. I did get a great deal at a timeshare condo call Oak Plantation for 39$ a night that week, for a 1 bedroom condo, fully equiped kitchen, pullout queen size sofa.. It was a wonderful place.Separate bedroom with Kingsize bed and walk in closet.