I went four times last summer with my kids. We liked the cleanliness of the place, and saw plenty of fish cruising around, including some monster channel cats.
The rental staff was friendly. We rented a boat every time. It's a big lake and if there is any amount of wind, their trolling motors move you at a snail's pace. It would be nice to get around quicker, since you're paying by the hour. You have to wear their PFDs. You cannot bring your own watercraft or PFD. In terms of live bait, I think you can only bring wax worms, red worms, and night crawlers. I don't think they allow any "aquatic" bait, i.e., no leeches or minnows.
They have a spotter boat cruising around and an employee with binoculars keeps a close eye on everyone, looking for people breaking the rules. Maybe they were "slow" the days we went but they watched us like a hawk -- which was a bit of a turnoff considering I was fishing with my two kids. What the heck were we gonna do???
If you're savvy at deep water, light line patience fishing, this is your kind of place. Most of us are not used to fishing so deep. It can be challenging! We boated fish each visit, ranging from small bluegills to largemouth to some of those monster cats. My kids talk about it often and are always ready to go back.
Not sure about wading. Might want to double-check that one...
The grounds are very nice and so is the pavilion. It would be a nice place to just kick back in the shade and BS about fishing. Even if you didn't fish you'd still enjoy the place.