HC - I am not going to start calling people names. (I assume "Gritty" refers to "The Brit").
As to whether I think PP is a good choice for the OP, well perhaps for the first 6 weeks, if they want easy access to the shopping mall, check out a few restaurants in Soho, Wanchai, perhaps check out apartments in the Mid Levels, go to the landscaped gardens behind PP, etc its not a bad choice. Remember, in the first 6 weeks you might also need to be central to do various admin stuff, open bank accts, HKID, etc.
But longer term, I feel Central HK is not a good place for kids (especially if the family is from overseas). The pollution, cars, noise, density, humidity, lound beeping and announcements on the MTR, people smoking in the pavements, jackhammers, uneven pavements, etc -its all too intense for a parent with a kid and can really be stressful for Westerners who are not used to it (not to mention potentially dangerous).
So my view is much more in favour of a beling loated in a nice relaxed family place, where the husband then travels from to work as needed. If the wife is happy it really makes a huge difference to a family's overall happiness, so to me its very important that the live in a relaxed peaceful location.