I stayed there for one night last October (before checking into OKW). I thought it was very nice for the price. The room was clean and well kept. I had no problems with the staff. Each morning they served a free breakfast that included several juices, yogurt, waffles, bagels, toast, cereal, fruits, danish, etc.
Palm Parkway is very close to Downtown Disney (maybe three-four blocks to Hotel Plaza Boulevard) and there are several restaurants within walking distance (Kobe, Crab House, Hooters, etc.). So, the location is great IMO. It's also of the main road so I didn't hear a lot of noise.
Since I had a rental car I didn't use the shuttle to the parks.