We cancelled our CB reservation in 3 weeks and switched to Hard Rock. There were just FAR too many horrific reviews, all mentioning the same problems that, frankly, were things I am not willing to tolerate on a vacation. Chief among them, disgustingly dirty rooms and the pervasive smell of marijuana smoke. Allegedly, this hotel is called "Cannabis Bay" by the locals. Yeah, no. Not paying to stay at a frat house, thanks.
And sure, there are also good reviews, but on balance, there seem to be far more negative reviews which point to a failure of management, which wasn't something we wanted to put up with. There seems to be no attempt at guest recovery at the moment. It's a lot of shrugging and saying "nothing we can do."
If you still want to be able to walk to VB, switch to Sapphire Falls. We were going to do that, but decided for an extra $100/night, we'd just go with a premier resort to get the Express Pass. We already plan to just buy the separate VB EP for $20, so now we will just have to take a bus there instead. No biggie.