The Red Lion in Anaheim can be an amazing deal most of the time. The hotel usually has very good promotional rates/deals, make sure you look closely at all their offers. Sometimes the Sheraton across the street has better rates. Check both hotels before buying a non refundable room.
The rooms at the Red Lion are quite small but comfortable and clean. Our room had a Disney view, we don't think those rooms are worth the extra money because the view is limited. Many people might find themselves at the park during the fireworks and that is the better view, of course.
The pool area is very nice, with a decent sized pool, lots of chairs and easy access to the bar.
Breakfast is often included in their promotions and it's ok, a cheap (free), easy start to your day before Disney cleans out your wallet.
The Red Lion should be rated as a 3.5 hotel and only a 3 if you are paying full tariff.More