As a fan of Disney, I wasn't overly impressed with Dollywood.  But, for the location and price I thought it was a good park.  It's a cross between a Renaissance Faire and an amusement park.  There are sections with the "good" (faster and more daring) rides, then a section with more traditional fair types of rides.  There is also a section with renaissance faire types of shops and attractions - leather making, hat making.  
The good:  It is a nice theme and felt homey and countryish.  It also had a good selection of food throughout the park, though when I was there several places were not open due to smaller crowds.  I ate at a buffet place with BBQ types of foods, the food was good though I hadn't intended to spend quite so much on lunch.  The lines were very short, I never waited more then a couple minutes for any ride.  
The bad:  You "may" get wet on almost every ride, not a great selling point when it's not hot out.  It's a long walk (unless you know the back way up the steep hill) to get to the better rides at the back of the park.  The park layout wasn't very good.  I don't like going to an amusement park, paying admission and then being asked to pay the regular rate to play a carnival game that I can play at any street carnival.  I'm also not a fan of carnival rides at amusement parks, I prefer a better themed ride that's more complex and that I can't find in other places.  
Overall it's a good park and a nice place to spend a day if you're in the area.  If you're used to a Disney Park then you'll be a bit disappointed at the atmosphere.  If you're used to Great Adventure parks you'll probably be disappointed with the rides.