I've stayed there twice, as well as read the Unoffical Guide to Disney World.
Standard View: Most likely faces a parking lot. I like them better since they tend to be quiter than pool views (NOTE: I said pool; more on that in a second). Standard views may also be "internal" facing to nice parks.
Water View has two categories. While Dsiney may not tell you, you'll need to specifically request:
River View: Rooms on the River (seem to be quiet also, but I never stayed in them).
Water View: This can have a view (could be a slim view) of the River OR the pool.
If you want a water view, make sure they note which one you want.