Booked on a whim just before heading off for what was to be a recharge 10 days away, at first I was what have I done, then I remembered, for me it was relatively cheap at 800 Thai Bhat per night. You really do get more than what you pay for, staff are great, 24/7 front desk, convenient scooter hire, you are at least 15 min walk to the beach, walking is healthy and by walking you get to see so much more of Phuket.
So park your expectations, lower your budget, stay in the back streets of Pa Tong and I guarantee you will see and do things you would never have done should you have booked in a $100+ per night resort.
Travelling is about experiencing local culture and people, at Forty Winks you can't not do this. I will be back. Also I highly recommend eating at the fresh food markets each night down the street, you cannot go wrong here, if you're worried about getting an upset stomach just be sensible in your choices, ask them to cook it well. It's the freshest padthai I have ever had and for only 80BHT what can you say but "I'll have another thanks".
(my only real complaint would be the bed was very firm.. .but that's just for sleeping anyway)