Pros:
-surprisingly fun short course (12 holes)
-mostly easy to follow path through the course with good signage.
-two sets of tee pads, nice variety as a result
-nice mix between wooded and open
-the wooded holes will force you to work on accuracy, and most likely, recovery shots
-walking distance, from downtown Lexington and a couple minutes off of I-81
Cons:
-dirt tee pads, not really that bad overall, with the exception of hole 3 which is on a gravel road that has rocks about the size of child's fist. It's also one of the longer holes so it's a bummer to have to worry about footing.
-some of the wooded holes are under 200 ft, I'd almost say 4, 5, 7 should be par 2s, though I don't mind the birdies...
-if you're new to the course it isn't obvious where hole 9 is after you finish 8. You have to walk behind the baseball diamond, cross a parking lot, and look around in the pine grove for the sign and tee pad.
-the W&L baseball team warms up in the field the hole 2 & 8 use, if they're there it's hard to play either hole. At least one guy on the '11 team is a smart ass.
-only 12 holes, I've only played the course in this format but it seems like there's plenty of land for another 6. Don't want to be overly critical though because it sounds like the course was shaved down to 12 from 18 and it was an improvement.
-hole 6 grows some intense knee level ground cover during the warm months, spotter required
Other Thoughts:
I travel to Lexington on a weekly basis for work and this course is a nice active lunch break. It isn't perfect or incredibly groomed but it is fun to play and I'm glad it's there.