Pros:
This course is not actually on Mt Hood, but an adjacent mountain. Hood is often in view, and those views are pretty awesome. The elevation change is, of course, pretty extreme. If you've never had the chance to bomb drive after drive down the hill, it's pretty fun. The early holes offer some diversity and technicality. The chairlift was actually running. (That may sound like a lame pro, but I've played plenty of ski courses where it wasn't.)
Cons:
I don't think a lot of thought was put into the design of this course. The later holes are mostly just wide open shots zigzaging down the ski slope. None of the holes are particularly creative. Most of the baskets are single chains, though they don't seem to catch too bad. Like most ski courses, the tees are pretty rough. There is a lot of tall grass and brush even in the open areas. And if you go into the woods, well, you may not see that disc ever again.
Other Thoughts:
In case it matters to you, know that the chairlift is $7 (per person). A lot of the course is pretty exposed, make sure to bring water and sunscreen.