Pros:
Fantastic Tee Pads and baskets. Full set of back pads as well make for a challenging back 9, with two really cool water shots.
Good use of the area, with a good variety of shots for a par 3.
Easy location as well at Queen Elizabeth Park, and a great shop for all your discs and such right around the corner called Abbies.
Lots of friendly locals (who are also great to watch as they play all sorts of alternates here).
There are two warm up baskets as well, a wide open spot for your warm up if you like.
Cons:
Popular park. Can be very busy sometimes. Walkers sometimes have no clue they are even on a Frisbee course.
Be prepared to have groups playing in front and behind you during peak times.
The course is on a slope, and the bottom of the slope can get wet during rainfall/rain season.
Other Thoughts:
The course is fairly wide open, with just a few trees, so it's a great spot to keep track of your discs, and for beginners to not get frustrated.
The back pads play tough, and a couple of fairly difficult water shots should keep the more experienced players happy here.
The sport shop "Abbies" has a lost and found for discs as well, so if you hit the pond, don't be afraid to drop by the shop and see if your disc has shown up.
Also, this course is quite close to Quilchena, so its a great chance to play two courses in one afternoon.