I've stayed at Cypress Pointe, and it was very nice. Beautiful, nicely decorated suites, a pool and snack bar, etc. Excellant location, too, very close to downtown Disney. The pool was too cool for my tastes, but this was at Christmas; it is probably warmer the rest of the year.
VVP is supposed to have nice rooms (although the B sides are small, more like a studio that a one bedroom -- those are the ones that say "limited kitchen.") However, the resort has many units crammed together, and few amenities.
Actually, the one-bedrooms at Cypress Pointe are also not really one-bedrooms -- more of a hotel room, really, so try to get at least a two bedroom if you stay there. Cypress Pointe Grandvillas, on the other hand, have real one-bedrooms, I hear. (Cypress Pointe and Cypress Pointe Grandvillas are right next to each other and share amenities; they are different phases of the same resort.)
edited for spelling