I like the Outer Rim at the Contemporary strictly for the view of Bay Lake. The Tambu Lounge at Polynesian has a nice selection of tropical drinks-- we went there while waiting for our seating at Ohana.
The lounge at AKL (forgot the name) is nice, too, just because the hotel itself is so beautifully themed!
The best two resort lounges (IMO) are The Outer Rim (Contemporary) for the views and The Tambu Lounge (Polynesian) for the tropical drinks and the theming.
You can even hop between them easily on the monorail.
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