Pros:
This course vastly exceeded my expectations. In many cases, I find Dallas-area courses to have average ratings higher than the ratings I would give them. This is an exception that I think is spot on as a true 4.0 -- Excellent! -- level course. And I'd say that rating would be true for White, Blue and Gold level players, which is a great compliment.
This course is very well manicured with well-cut grass, minimal trash, good teesigns, and large concrete tee boxes. The course flows well once you know the layout, with minimal walking between holes.
The course features a great mix of shots with very few gimme shots on the course, and most players will be unlikely to shoot the same type of round twice in a row. Almost every hole can be birdied by players at a skill level above ~900, but nothing is a gimme. There are a couple of true par 4s and one true par 5 on the course, and when you take all the OB into account, it's a solid challenge even for gold level players to chalk up a score in the low/mid-50s (assuming the baskets are in their long positions).
The best part about this kind of layout, this mix of shots, is that it makes the game exciting. Every time you walk up to a hole, you know there is likely to be score separation. I played in a threesome of players ranging from 920-980, and it was highly competitive and some of the most exciting and fun golf we have played together.
This excitement is heightened by the awesome basket placements. Almost every basket on the course is on a slope or next to a slope. This means that upshots and putts are trickier than usual -- upshots have to be carefully thrown to minimize rollaways and putts increase in risk/reward because of the uneven terrain and you are forced to make a lot of putts up or downhill. Again, excitement factor.
All in all, a great mix of shots, very little undergrowth, few places to lose discs, a very clean course, and possibly the most pure fun to play of any course in the DFW Metroplex. I can't think of anywhere else in the area that is as much fun and as exciting to play with friends... as it stands it would be an excellent white/blue tournament course. Would need pro tees to be a good gold-level tourney course, but I think the land is there to make that possible.
Cons:
The course has several places where it is unclear or unintuitive how to get to the next hole (walk from 4 to 5 is probably the best example). Some signs pointing to next tees would help navigation.
The course has multiple pin placements, but the teesigns fail to indicate which placement the pins are in. Many of the shots on this course are blind shots because of elevation and it would be very helpful to have the pin placements marked.
There are several places on the course where the holes could potentially cause injury or interfere with other park users. Hole 3 is the most serious. The pin is downhill with a fairly steep grade around the basket with a large pavilion only 20 or so feet behind the basket. It's a short hole, and probably 1-in-3 shots will at least hit the pavilion if not skip through it potentially hitting anyone using the space. This is a fun hole, but it is the weakest design decision on the course.
Many of the holes on the back half have an OB marked on the sign for discs that land in the fairway of other holes... this isn't necessarily a bad idea, but without any clear markings, this is just a silly OB to try to implement. It should either be marked in a way that is clear or removed, since it doesn't appear to pose much danger and will only add confusion for players paying attention to the signs.
There are several places that seem like natural areas to mark OB that aren't yet utilized. The swampy low-lying area on hole 6, the valley you throw over on hole 7, the swampy area behind the pin on hole 8, and the muddy area full of posts in front of the pin on hole 18 are the places that readily come to mind. Marking these OBs would force a little more careful shot placement and increase the risk/reward on these holes in a way that I think would help the overall course.
Other Thoughts:
This course has the potential of deserving a 4.5 with a little more work -- all of the cons listed above can be fixed with a little work. Add to that a second set of tees to give a few more options to the course, and it would deserve another half star.
Consider this a must play if you are in the area. Not for epic holes or a beating, but for the most pure fun round you'll play in DFW.