I'm not entirely familiar with the Village, but the resort is larger....has 2 sit down restaurants onsite, a Pizza Hut and a bar and grill (all offer room service). There are 7 pools, and I think more in way of activities. I don't believe the Villages have a sit down restaurant or offer room service. Someone please correct me if I'm wrong.
I'm at Vistana resort right now. I don't feel the old areas are "run down".....maybe not as spiffy or modern as the new areas. But they def appear clean and well maintained. The main resort is closer to WDW. Took us 7 min to get to Epcot the other day.