We are in our last day at the WL,after an 8 day stay. Although it is just the two of us,we are parents to 4 and grandparents to 10, so I think I can speak to the child aspect of your question also. We love AKL,but stay at WL. We took a boat to MK and another boat to the Poly for breakfast. Then took a monorail back to MK with a boat back to WL. Had lunch at GF,taking only boats. Took Boat to MK,then monorail to TTC,then monorail to Epcotbus back to MK. Three days ago,we took a boat to MK,then bus to AKL for lunch. Having the options of bus,boat and monorail makes WL a winner when you have a baby.
The lobby at WL is not only beautiful,but peaceful. There are different areas that people use for different reasons. This week,we saw a family with small children coloring on the big tables surrounded with those huge upholstered chairs. There were people just a few feet away reading in the rocking chairs by the fireplace and in the rocking chairs by the bridge. In the middle of the lobby,there were a few families rocking their babies to sleep and others having conversations. If you'll need an area bigger than your room to walk/ rock your baby,the WL lobby is an alternative. I think the AKL lobby is gorgeous, but every time we've been there,it's full of activity ( the Fab Five characters were there when we came by for lunch). I think an older child would get more out of AKL in all their areas.
Our room is directly across the South Wing,across the courtyard. We can see into the rooms being refurbished. We have spent time in our room during the day. Never heard any construction noises. We walked to FW for dinner a few nights ago. I do prefer the walk along the water,the one that is closed now,but along our walk, we saw lots of deer and still ended up at the pony stalls,which is always fun to see.
Yes,the trees along the water are gone to make room for the bungalows,but there are still plenty around,as you walk around the resort,to make you feel like you're in the woods. The new pool also has a new child's play area.
In the end,do what your gut tells you to. Listen to that little voice. You need to go home feeling like you did what you wanted.