Great choice, I'd say. I went back in 2003 and I believe they've put in air-conditioning now in all the rooms and done them up a bit (the lack of AC was a pain as the bedrooms have no windows so become like a sauna - not ideal after a heavy night).
I'd maybe try to put in a request for a top room, near the beach if you can (we did and got it). It's lovely being so close to Bora Bora and we'd sit out on the balcony and listen at night before heading out if we weren't actually there, although last year the ****ty place next door seemed to crank up their soundsystem to play rubbish.
They were fairly basic, but clean and the towels and bedding were changed frequently. Also, there were virtually no clubbers or 18-30 loud types so you feel fine coming back after a night out.