Sorry it's taken so long to get back to you guys---we're STILL here! I feel like we live here now. My ds (3 yo) is calling it home! :lol
We LOVE the BCV, and don't feel like it's run down at all. In fact, I prefer this room to the one we had at GF. I can't remember exactly how much we are paying (I'll ask dh when I see him next) but I remember it worked out to be about 1/2 of what it would have been if we had just called WDW and booked it ourselves. We are not members, but we rented points from a member. I HIGHLY recommend it!! Our room is located on the first floor (I'll tell you the room numbers when we get home

) The view to our room is not so great, but that is not something we really care about. You could probably ask someone else and they could suggest a better view to you. Oh, no indication of ants whatsoever, AC works great (almost too cold at times, but you can always adjust it), hot water is great, water pressure is great.
Our children are so young we really haven't checked out the kid's activities, but I'll try and do that for whomever asked.
We checked in at the beach club---very easy.
THe Yacht Club is right next door and I HIGHLY recommend the steakhouse on their premises. We coudn't get ressies there, but they do provide room service to BCV and it was THE best room service we EVER had. The BCV room service is pretty good too, but the Yacht Club steakhouse was just absolutely awesome!!!
I hope I answered all of the questions.....but I'll be glad to answer more. We are here until this Friday and then we move to Universal.