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We booked our room from the DVC rental store, dvcrentalstore.com. We got a Boardwalk studio villa for 5 nights for $1350 total, of which we only had to pay $825, with the rest being due later. That comes out to $270 per night. We are really happy with this deal. Through Disney's site it would have been about $430 per night. I really can't imagine paying the regular price with this option available.
One thing though is that there isn't the full list of resort options so some of the cheaper hotels are still lower priced on Disney's site. But for jusy a bit more than even the cheapest ones you can gey one of the best hotels. And if you are considering the higher price hotels then this DVC rental thing seem great. I guess you can't get a Disney Vacation Club propery just anywhere which is why not all are listed on the DVC sites?
I already created a My Disney Experience account and connected my reservation. It was no problem at all. I also was already able to customize our magic bands.
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