What would you do with this pond if it was in your front yard? -need lots of feedback?

I bought a house recently near Phoenix, AZ, and it came with this unfinished pond and really ugly waterfall: See photos here: http://www.cnw.com/~ulicip/Pond/ Come on people I need lots of feedback and ideas. would you finish it and fix the waterfal? Would you take it out? Plant something else? change into a water fountain? bird [...]