All of the villas were refurbished in 2016 they are not up again for a while and those I have been in are still quite nice and in good repair. The value villas are not bookable in Dec-Jan but DVC is saying that it is because of the resort refurbishments impacting these rooms and not that they are being refurbished themselves but DVC has not exactly been transparent about those rooms. The value studios are about 316 sq ft whereas the regular studios are about 365 sq ft, my guess is the regular rooms are also about 365 sq ft since the villas are converted hotel rooms, but I don't know that for sure. What is the price difference and how long are you staying? I personally, would probably choose the larger king room if more than a couple nights as I would want the extra space, even though we don't really care about having a king bed. Not sure about the ROL question I haven't seen the new show so I don't know how long it is.