I grew up in the West Fork area and attending the WF schools. I can't give any current information on the school system, but believe it was an adequate education.
West Fork has blossomed in previous years and has more and more amenities that keep popping up. A lovely park by the river, a hometown grocery store, convenience stations, Dollar General stores, restaurants...
With I540 Fayetteville is a hop, jump and skip away. There's probably not a lot of in the way of employment in West Fork, outside of working at said small stores, but if gas prices do not overly concern you, then working in Fayetteville should be a huge issue.
We considered raising our family there, but the drive to where my husband works would have not been ideal, so we did not settle there (and are actually now wanting to move back to Seattle anyway, so that's probably not a bad thing).
Good luck with your decision, it really is a lovely little town.

Carolyn