*Note: Images DO NOT capture the true beauty of the scenery*
Pros: For a dispersed camping experience that's well maintained, I'd recommend Sugarloaf Road. There are several spots for tent placement, panoramic mountain views, a well put together fire pit that you can actually use, so much free firewood and kindling, shade trees, and the spacing between sites is awesome! The area is generally quiet despite the occasional vehicle passing by. Something I was happy to have was moderate (2-3 bars) cell (T-Mobile) and WiFi (AT&T) service.
Cons: The bugs are giant. Ants are the size of crickets and some of them fly, spiders are thriving, flies are flying, and some type of grasshopper or cricket can be heard around the clock. They didn't disturb my camping experience too much, just a heads up.
The road turns into a rocky challenge pretty quickly. High clearance would make life easier but I have a low clearance sedan that made it down towards the end of the road. I never went over 3 mph but I made it there and back without damage.
There is a mountain lion in the area and they warn to watch your kids and pets. You'll see the signs when you first enter. This is the first site in CO that I didn't see a "Bear Area" warning which was a nice change.
If you can get a spot, it's worth checking out.