Disclosure: our stay was in Feb 2012, but tripadvisor doesn't allow me to record that as the date of our stay.
My wife and I love staying here when we visit Port Townsend. The stairs are creaky, the bathroom is down the hall from the room, the wooden door to our room has small cracks in it, but it's clean and charming. In fact, if you don't like charming old houses, this isn't the place for you. On the other hand, if you value old buildings that reflect the personality their era and enjoy being surrounded by old woodwork/craftsmanship and the smell of freshly oiled stair banisters you may love this place as much as my wife and I do.
Note: this place fills up fast (and early) during local events, so book early -- for instance, it's booked a full year in advance of Strange Brewfest.