Kevin,
We were at the Playador in February. The nicest staff, very cool beach bar-The Crazy Canuck-pool was pretty small but very clean-restaurant wasn't open yet. The location is great!
My comment on the rooms... they are good for Belize. Don't expect the Hyatt, but they were clean, air-conditioned, have a tv, small kitchen with half-fridge and a microwave.
Have fun!
PS: If you stay there and dive with tuff enough, tell the guys that Vicki and Butch sent you!!!