Pros:
Nice variety of open and wooded holes. Even the open holes typically have pin positions that make good use of obstacles (trees, mostly) so that there's rarely an open shot from the tee all the way to the hole.
Thoughtful positioning of pins means that even though this is a relatively short course in overall distance, it still offers some challenge even for experienced players with big arms.
Open holes typically have closely mown fairways through taller grass "rough" on either side -- visually appealing, helps with navigation, and offers an incentive to play the hole the way it was designed.
Very appealing setting with nearby hills, the lake, plenty of trees, etc.
Convenient location right off US Hwy 71 between Fayetteville and Springdale, and easy to reach from I-540.
Cons:
Tee areas are all of the things other reviewers have said -- there's was a fair amount of recent wood mulch on most of them when I played, which helped visually define them a bit, but didn't offer a much better surface than the mud/dirt/roots.
Likewise, some of the areas near the lake, and some of the lower-lying grassy areas, could be swampy or even unplayable after wet weather. Not as bad as Lake Bella Vista, but pretty wet.
Navigation can be a little dicey, especially since the online map is wrong. Missed Hole 5 completely on my initial pass and had to go back and pick it up after 16. (Tip: even though you can see the tee pad for 6 when you finish 4, and it doesn't look like there could be another hole in the opposite direction from it, on the lake side of #4, there is -- go the "wrong" way and you'll find it. Of course, then you'll have to walk right back past the 4th basket again on your way to #6).
Walkers/cyclists could introduce some delays or put themselves in danger during busy times. Wasn't too much of a problem during my round -- had to wait for a family walking along the paved path near the basket for 15 to clear before my tee shot, and there was a couple that had spread a blanket and themselves out in the middle of the 16th fairway, but otherwise no problems. The lovebirds got the message when they saw me digging my disc out of my bag on the tee pad and moved soon enough.
Lots of stinging insects out and about on a warm late spring afternoon, as well as snakes -- saw a 4-5 ft black water snake of some kind slither into the brush around the base of a tree near the basket for 11, and almost slither out again -- he stopped with just his head and 8-10" of body sticking out, facing the hole, waiting for me to hole out before he moved on back to the lake.
Oh, and I'm not sure what's up with the extremely low height of the 15th basket. I guess the designer figured it was so short and had only a small thicket with two bigger trees coming out of it to protect the basket that something else was needed to throw you off.
Other Thoughts:
The map posted in the Files/Links section here is wrong. Apparently there's been some reconfiguration of the holes. This is exacerbated by the fact that the main reconfigured hole is the first one; if there hadn't been locals headed out to play I'd probably have had to look longer to figure out where to start.
Essentially, Hole 1 has been flopped around backwards and turned into Hole 18. Hole 2 is now Hole 1, and the rest of the course plays pretty much as indicated on the map, with each hole number one lower than shown on the map. Hole 18 plays from what apparently used to be the pin area for Hole 1 to what used to be the tee area. The new layout actually makes more sense, as you now begin and end the course close to the parking area, instead of the old 18 finishing up several hundred feet away.
Overall, I really enjoyed my first round here, and I definitely plan to play here again when I'm in the area for work or visiting family.