We visited the lounge on Sunday and Monday, and I wanted to share a few more details.
On Sunday, we visited around 10 a.m. and there was a short line waiting to get in. The cast member at the door was controlling capacity and was only letting people in as others exited, which was nice to see to keep the small lounge from getting too crazy. We waited between 5 and 10 minutes. You go down a small hallway, then hang a left, then a right into the lounge.
There is high top table/bar with several stools where the ipads are located. The table also has a spot with an assortment of cell phone/mobile device charger cords that you can plug into if you need a quick charge.
There are two sets of seating areas with a small table and flat screen tv at each one. The seating area closest to the door just had a Chase logo and advertisement rotating on the screen. The second seating area had Disney cartoons playing on the TV. Between the two seating areas is a large flat screen tv that is touch screen and interactive, with a map of Epcot and information on the Food & Wine Festival and Eat to the Beat Concert Series.
There is a coffee station and a cold drink station with several choices including Coca Cola, Sprite, water and Minute Maid Light Lemonade. Behind the coffee station are restrooms. There were also baskets of Werther's soft caramel candies around. A cast member was on hand in the room to answer questions about the F&W Festival.
Also in the back corner in the morning, there are cast members handing out wristbands. You can get a wristband for a reserved viewing area of Illuminations, which was located on the lagoon at the World Showcase Plaza (between the two merchandise shops, just behind the watermelon patch). They also had wristbands for reserved seating for each of the three Eat to the Beat concerts. The wristbands are all first come, first serve, and are limited (I seem to remember 100-200 being the numbers). You can get a wristband for both Illumination and a concert if you wish. We got a wristband for the Illuminations viewing and arrived at about 8:35 p.m., and there were maybe 30 other people in the area. By the time Illuminations started, there were maybe 100 to 150, but the roped off area we were in was far from crowded. We didn't grab a concert wristband, so can't comment on how that works out.
Also, there is a free open wi-fi network in the lounge that ran quite fast when I was using it. It is separate from the Epcot wi-fi network.
We visited again on Monday evening around 6:15 p.m., and it was just as crowded, but no wait to get in.
For a place to hang out and grab a free drink, it's ok. The lounge is small, and it was crowded, but as long as they keep it capacity controlled, it shouldn't be jammed. I wouldn't make a trek to the lounge from across the park, but if you're visiting the Festival Center, it's worth a stop. It's also worth a stop in the morning for wristbands for Illuminations or the concert if you're planning on being there later in the day for those.
Hope this helps!