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We are thinking about a Timeshare Purchase, whats your honest opinion???

Never buy from the developer. If you wish to acquire one, go on Redweek and search out what is available on the resale market. For example, Polo Towers in LV has a 2 BR for $0.01, yes a penny and up. If you want to be in a specific location, then get a deeded timeshare which gives you a specific room and location for a week. You get the view and floor every time. It is yours (not just any room that the front desk assigns to you). Your cost to get it may be escrow fee and then the annual maintenance fee. Make sure you can handle that.