I agree with the previous posters about the DVC resorts being just as nice if not nicer in terms of room size, amenities, etc. compared to deluxe resorts. We have reservation points we have to use by July 31 of next year that we are going to use at the Yacht Club or the Grand Floridian but my heart is really at OKW. The 182 points we have to use could put us in a 1 bedroom villa at OKW for over a week with a jacuzzi tub, full kitchen, washer and dryer, etc. but we'll only get 4 or 5 nights at YCR or GF. I've stayed at the GF, Poly and BCR before and while they are very nice resorts, I'd rather stay at a DVC resort and spread out.
I don't want to sound ungrateful though. I know we'll we have a good time at YCR or GF and I can't wait to get back to Disney in June but I do see the true value of DVC points is at the DVC resorts.