Pros:
Tee pads - 2 per hole; big, not huge. (I think all 18 holes have two pads now. Dang near, anyway.)
Baskets - Nice baskets in good condition. Most baskets are guarded, even in subtle ways that you don't realize. They did a good job of rewarding players for hitting lines and being on the fairway.
Elevation change - Lots of ups and downs without feeling like you're just traipsing up and down the same dang hill over and over again.
Risk/Reward - This is a big one for me, and I felt like this course is one you could play safe on and throw a bogey-free round (though likely almost no birdies). However, there are some real opportunities to take some risks and try and gain some strokes.
Hole variety - Some wooded (though not tunnel-y) and some wiiiiide open holes, too.
Signage - Those signs are huge and helpful. Between them and the guys on my card, I was able to throw with confidence on every hole.
Seats/Benches - A lot of the holes have some kind of log or bench situation happening. I was very grateful for them.
It's just a good course. If this were your home course and you played it regularly, you'd definitely improve. You'd get in pretty good tournament shape, too, due to its length.
Cons:
Forgiving/Par problem - Both cards with whom I played agreed that the course was largely forgiving. Even what I would normally consider very bad drives had lines to get out. Almost none of the holes had "merciless" rough. The par decisions on the holes support the forgiving nature of the course. There are a couple of par 5s on the course that almost everybody birdie'd. And on almost all of the 4s, you could misthrow any one of your throws and still manage to save par pretty easily. On my second round, I only threw one bogey, and a guy on my card had a bogey-free round. Those guys who did get multiple bogeys botched a throw and usually missed a < 20' putt to make it happen (that's what happened on my lone bogey). Obviously you can call every hole a par 3 or 5 or whatever, and all that matters is your total throw count. But, regardless, I felt like the course was forgiving both in par and in layout.
Length - This course is on a big piece of land, and it really sprawls across the whole thing. This makes for some nice holes (majestic, challenging, unique, etc). But I don't think bigger is always better. It's a blast to rip a drive down 16(?), but if Muddy Run were my home course, I would probably skip it regularly. Even with a spotter, we waded through the tall grass to find discs. Without the risk of water on one side or some necessary landing zone, it's just a big dang throw and a pretty easy 4 (par). Especially given my comments about the forgiving nature of the course and the "par problem," I feel like they could have made 20+ holes and made them more engaging.
Elevation - This is small potatoes, but I felt like a lot of holes were either just straight up or straight down one hill. In contrast, the handful of North Carolina courses I've played did a really nice job of throwing over hills or from one hill to another. It makes for interesting shots and more challenging approaches if you miss your line on your drive.
Sign position/orientation - Seriously nit-picky, but why not have the signs positioned in such a way that you can see them from the box? They often have them behind the box facing away from it. So, you can see it as you walk up, and sometimes you can see it from the benches/logs around the teebox. But it's the thrower that needs it the most.
Other Thoughts:
The (13 y/o) kid who won the tourney was on my first card, and he had an amazingly long drive (600+ feet on hole 6). He had a complete package, but he could drive that full distance flat, hyzer, or anhyzer. The guy who won my second round card also had a really nice anhyzer drive. It's obviously an important throw to have, but I did feel like the flip-y (RH) backhand drive was very well rewarded on this course.
Somebody else said it, and I'll second it. It's a bummer there's no water on this course. There's literally nothing to be done about it, but it's just a bummer.
My favorite holes were #10 and #4, both from gold. They're very similar, but those were the holes that had the best risk/reward and most punishing roughs. Hit your lines or get a bogey and hit your risky lines and have a birdie chance.
I played two rounds here for a tournament (AM Worlds Preview) on a beautiful day. I normally wouldn't review a course after just two rounds/one day, but the TD was asking people to review. All that is only to say that I'm not a local and only played the course the one day. I had a blast, and if it weren't 2 hours away (w/o traffic) that I would add it to my regular course list. If you're local, you have to get out there. If you're not local, I recommend getting a buddy or two and making a day out of it. Plan on playing two rounds because you'll want "revenge" on a couple of holes. It's totally worth the trip.