Definitely a cut above the standard Good Neighbor motels, but has some drawbacks.
Here are the pros:
The rooms are nice and big, and reasonably priced. Our room had two very comfortable queen sized beds, and a very nice bathroom. Nice big TV and a view out the atrium which at night was even better.
There is the usual hotel restaurant food and when we were there a Starbucks too which was nice. Room service is available, and the breakfast wasn't too pricey.
The distance makes it not as convenient. If you have small children this is a real pain, as tired tikes need to be taken back to the room to rest often more than once a day. There is a shuttle that runs every thirty minutes, but you may find yourself having to rush back to catch it (we just missed it a few times), and the driver expects a tip each time you ride (I can't blame them but really it becomes a nuisance on a long stay).
There can be long waits for the elevators if the hotel is crowded. When we stayed there (during summer) there was a band competition on so the hotel was very crowded with teenagers wandering all floors and using the elevators. We never heard any noise from these kids but the elevator wait was really annoying.
I would definitely recommend this place for anyone who prefers staying at a hotel instead of a motel but doesn't want to pay the premium for a room at PP, DH or GC. If you don't have an annual pass, the Hyatt Orange County is definitely a better value.