You will love AKL, espcially with little ones. We stayed for 11 days in November/December and fell in love. For more in depth info, please see our trip reports (still a work in progress)
http://forums.wdwmagic.com/showthread.php?t=129910
With AKL, there are some sacrifices. Either great Animal views with a long walk or being close to the pools, lobby and restaurants. It seems like you can't have both.
We were in room 5555 deluxe Savannah view (though 4555 would be similar). The room was awesome as it was the same side as the pools and restaurants, and near the feeding gates, so one day we had as many as 23 animals outside. And at night, we could see Wishes at the MK and some of Illuminations at Epcot. But it was a walk to everything.
But we found the public viewing areas near the front of the hotel did not seem to have anywhere near as many animals.
As for the restaurants, they are great. We are seasoned Disney travellers around the globe, and Mara is one of the best counter service restaurants Disney has. Boma is a fantastic buffet, our favorite - better than any at DL, WDW or DLP in our opinion. We would have liked to try Jiko, but with the kids, it didn't work out. But I hear rave reviews. And the pool is awesome.
We hated the buses however. I don't want to sound snooty, we use buses in London and park and rides all the time in the UK, we used them at Port Orleans Riverside in 2000, and we use them all the time at DLP. AKL had the worst bus service I have ever encountered anywhere (see my trip report for more info). That may be an issue. Certainly, we started using cabs in the end, and when we stay here again, we will rent a car.