We returned yesterday from a 9 night stay. The food in the lounge was pretty good. In the evenings, from what I remember we had pulled pork and potato salad, macaroni and cheese and caesar salad, sushi, beef skewers and fried rice, chicken wings and fried rice, ribs and pasta/furit salad. There was also always uncrustables, cheese and crackers, vegetables and dip, pineapple and caramel sauce and hummus with pitas. Wine was available to serve yourself and you had to ask for beer.
We found the lounge at times to be very noisy and crowded. There were a lot of kids that were unsupervised (running around/very noisy (i.e. screaming not just happy child noises) as their parents sat and talked. There also seem to be toom many tables which made it hard at times to walk to your table while carrying a plate. The view of the castle is nice though and the staff were friendly and helpful. Overall we enjoyed ourselves but found that we prefer the more sedate concierge environment of the Grand Floridian and AKL (I think it is the lower number of conceirge guest and more open lounges that appeal to us).