DH and I stayed in a 1-bedroom BCV during the 2002 Wine and Food Festival. Actually, we had booked a BC waterview room, but we arrived late...and even though we had told CRO we'd be arriving late, they had obviously given our room away. They initially tried to stick us in a weird-shaped room that had a parking lot view for the same price as a waterview (we had a code, and the guy at the desk tried to convince us that we should be happy to GET a room at that price!!!) - I complained vehemently and we were given the villa...but you didn't ask for that story, did you?
Well, we couldn't have been happier with the reassignment, because the villa was incredible!! The bedroom had a king-size bed, a TV, and an adjoining tiled area with a jacuzzi tub and large vanity area with a sink. There is a separate bathroom with toilet, sink, and shower (a glassed-in shower, not a shower-tub combo). The bedroom also had a sliding glass door that looked out on the quiet pool. The living room was sort of small, but it had a nice couch (pull-out), a coffee table, and a TV. Overlooking this was a small kitchen area that included a full-size refrigerator, oven, coffeemaker, and (I believe) dishwasher...and maybe a microwave?? There was also a small dining area sort of scrunched between the kitchen and living room area. One closet contained a washer/dryer.
We liked the villa so much that we tried to book a similar one at WLV for our upcoming trip - and we will certainly book one at BW sometime!!!
I don't know what is available right now, but AP rates have been available for these in the past. I am pretty sure you can get code rates for these sometimes, as well.