Salut Marquis,
Yes, C&N has a good value for the price, nice rooms, there is a lift, 50 meters away from Bangla, no terrace but very large windows, good beds... it's 800 bath in September.
For that price, you can also find a little apartment, but maybe 2 km from the nightscene in the nanai area (just rent a motorbike or use a bike taxi or a tuk tuk)
For example :
http://www.deliver-it.nl/houses/STR/20050127-p0021/
http://www.baan-suphan.com/
http://www.phuketdir.com/nanairesidence/
http://www.phuket.com/nanaivilla/rates.htm
The first one looks nice, there is a swimmingpool and Wellta, who rent the place, will offer you a very good service. Of course, the distance from Bangla is longer than if you stay at C&N, but it is really quieter, larger and very cumfortable.
There is also a list of "free joiner fee" accomodations on
http://www.phuket-info.com/forums/showthread.php?t=6567 (Thanks Erik for post it and AD to find it back in another thread)
Hope this helps
