I can second that! I think the Unofficial Guide is what makes people think the noise will be bad. It's not. Our room had absolute silence inside.
We were there during
free dining in August 2006, and we had the MOST spectacular view of the Courtyard outside, the pool, and Bay Lake! Our room opened right out onto the lobby below (with Whispering Canyon Restaurant diagonally located across from our room). I told my family how sorry I was to put them so close to the lobby, because I had read it would be noisy in the Unofficial Guide.
We never heard a peep unless we stood outside our room and looked down into the lobby. And we loved doing that. The noises were so much fun. Whispering Canyon was a HOOT. I loved looking at everything.
As we explored the resort, we realized the wings are not NEARLY as pretty as being near the lobby. We really got the BEST of the theming at our resort. It was BEAUTIFUL inside the lobby. I felt like that was the best thing about the resort. And as busy as it was, our room was quiet.