Me and DBF were there in Sept 2009 and we felt although the room was bright and cheery it was not luxurious. Our main reason for staying at BWV was the location not really the decor. It's not ugly or unfriendly by any means, just a little tacky.
However, we found the beds to be extremely comfortable and we had a view of the quiet pool which we enjoyed. I would definitely recommend BWV studios but if you are into luxury, i'd stay at either the YC or GF, those are more luxurious type decor.