Pros:
All the holes are signed with decent hole diagrams and pointers to the next tee. Plenty of elevation variety and a mix of open and wooded holes. 13-15 are well designed open holes that are fun to play and make good use of the hills. 5 and 18 are decent open holes while 1, 2, 16, 17 are decent wooded ones; none except 2 really present much challenge though.
Cons:
Course maintenance is good as far as grass cutting and such goes, however the standards are not in very good condition and are not numbered correctly. A few of the signs have somewhat inaccurate hole diagrams.
Unlike other people I do not find this course presents a ton of shot variety. Most holes are straight or have only a slight curve left or right. The beginning and middle of the course are fairly generic straight and/or open holes; 4, 6, and 8 being the worst candidates here. 10 is a very aggravating "pray it doesn't hit a tree" hole that presents little to no flight line and, as a result, it plays too long.
12 is an annoying hole because it plays alongside a baseball field.... that is down an extremely high and steep slope. It is much too easy for a beginner to throw a RHBH and have the natural disc curve take it over the small fence and onto this slope or even down onto the ball field. 18 also plays along a fenced area, but the fence is much higher so takes a much more errant shot for it to come into play.
The course is not too hard to navigate thanks to the signs. However, after #5, as you exit to the right, there are two paths that split off. If you take the left one that goes away from 5's tee you get to 6, if you take the other one you start backtracking and get dumped out on 14 after a long walk, so be careful.
Other Thoughts:
NauticalUrge's directions in the review below are slightly inaccurate due to course additions. 2's tee is very close to 1's basket and heads back parallel to 1, though is longer. The next holes are a bit confusing. #3, as NU says plays from the left of the pond. Then there is another hole with two tees that require a little backtracking. One tee plays over the pond and the other is on the side of the pond opposite of #3. This should be #4, but according to the signs #4 is the hole after that is a long throw into the field. I think this is the old #2 and the hole signs have yet to be updated.
I'm not a big fan of the trapezoid tees because they limit your ability to shape your run up. I'm pretty sure #1 and/or #2 are "new" or altered holes not in the original layout so some signs may not yet be updated. I'm not really sure though, I'd like to see an official map of the course.
I've never figured out the deal with the parking lot. There is a sign marking this as a "T" student parking pass area for UNC-CH but I've never gotten a ticket there and few cars actually have UNC parking passes on them.
Finally, I've noticed I've gotten several "thumbs down" ratings for this review. As I mentioned, many people like this course so my 3.0 rating is just a reflection of my personal opinion, please don't rate me poorly just because you like the course and I put it at a 3 (which is still a "good"). Also, if my above hole directions are incorrect, that is only because I have no way of finding out what the official layout of the course is supposed to be (the map in the links appears to be outdated).