Pros:
This course has really large brand new tee pads and very nice new baskets. The holes are challenging with a surprising amount of vegetation and large trees for a desert course. The baskets are fairly well protected by the trees. It also looks like there is plenty of room to perhaps expand the course with alternate basket locations in the future.
Red Mountain Park itself is a beautiful park with excellent amenities. It's a great family area so bring the wife and kids to hang out by the lake and then go huck a few!!
Cons:
The biggest problem I had at the course was navigation. The flow is not intuitive. Even with a map I had some difficulty locating a few holes. Signs would really help (I do understand there is a fundraiser in the works to alleviate this). It would have been nice to have each tee pad marked as to which hole it was. It's an issue which could have been seen to at the pour.
Stickers, stickers, stickers. As Psicko said be sure and watch where you place your bag. I wish I had worn long pants even though it was hot out.
Other Thoughts:
I enjoyed playing this course and I will be back to play it again (and play the North course as well).
If you are not with someone who has played the course before be sure and print up a map, you are going to need it!
Please remember to bring ALOT of water, you WILL need it!
With just a few tweaks (mainly signage) this could easily be a four star course.
UPDATE: Six months later there are now sign posts, but no signs. A few of the baskets are marked, but no tees and none of the signs are marked. Even on my second time through I had a hard time navigating this place. As long as the South course stays so confusing, I'll stick to the North course.