We just did a trip to Nick in June, and I seriously have to say it's not a bad place, if you go there expecting Disney Deluxe hotel you will be disappointed. And I have to say, we always stay Disney Deluxe, so I was probably more apprehensive than a lot of people, I read every review I could find, talked to anyone who went there, and almost changed the reservation at the last minute for fear it would be substandard, but I have to say, the room was clean, and decent, the hotel itself is colorful and the kids love it. The water slides were awesome (my GS4 loved them), and the pool area was clean, didn't have anything negative to say about it. Was the room fantastic? no, was it like the Grandfloridian? no, but it was decent and worth the $, have to say the character buffet was WAAAAY better than Chef Mickeys, waaaaaay more character interaction, better food, and waaaaay less $$. They even had an omlette station, haha, chef mickeys should have that for what they charge.
I would strong recommend staying there for the one night. We booked on Travelocity and got a great price and even got one night free. Feel free to ask me anything, I'm honest, I will tell you the truth about it.