I have stayed in a Savannah View room at AKL for my honeymoon. Worth every penny. But, if you are on a budget for this trip, you might do better at another resort. For the bare necessities, Pop Century is a good bet. The rooms are very small, but would be okay for two adults and one or two children. Children being under, like, ten. It is a small room with a small bathroom and not alot of room for anything.
A moderate resort, like Port Orleans French Quarter (personal fave) would offer a little more room, a bigger bathroom, and a few more amenities (like better themed pools, some with slides, and sometimes more dining options).
The $1500 deal is bare minimum of everything. To get the most out of your Disney dollar, you should check out the official website and plug in some numbers. That vacation would have to take place during Value Season, there would be no included meals, and no Park Hopping. Since they brought back the free Disney Dining Plan for bookings late August - September (not sure of exact dates) this would be a great time for you to book a package. Last fall, DH and I booked this package on a tight budget. We stayed six days, five nights at Pop Century with the meal plan and Park Hopper tickets. Cost us $925. If you can fit in a trip just before the kids return to school, you can really get your money's worth.