I was there in September 2002 with my mom and sister (girls trip). The walking distance to Downtown Disney was WONDERFUL. Our room, however left MUCH to be desired. We had a wall sconce that was hanging by the cord, there was a hole in the wall, and housekeeping was a little stingy with the towels. That said, the staff was wonderful, the price was right (we paid $313 each for roundtrip airfair from Detroit and 4 night stay) and we had an amazing time (we were never in our rooms - ONLY to sleep, we were always at the parks).
I would do it again for a similar price (on another mom/daughter trip - with my family I want to stay on-site).