Pros:
New baskets
Nice area
Hard to lose disc
Good for mid-range and putting practice
You have the course to yourself
Cons:
Hard to find tees/no tees
Short holes (< 200ft), beginner course
Presumable course congestion/cross traffic for more than 1 group
Other Thoughts:
We had fun trying to make up the tees as we went along. The "course" has some potential, if some of the baskets were moved to more challenging spots, maybe involving the park more, or putting the baskets further out on the field at least. 8 and 9 need to be exchanged so there is no unnecessary walking. For the most part, we used the previous hole as the tee for the next hole. I think 3, 4, 5, 6 have tees in the drainage, 1 can use 3/5 tee, 5 and 6 had a tree "obstacle". Need better marking for tees definitely.
Update 11/23/12 - recalibrating my scores.