I set out originally just for Spray Park, but then I kept going and going and decided to do the loop. I think counter clockwise is a good way to do the loop so you are facing Rainier in the Spray Park area, it would be tough having it at your back. Spray Park is at or close to peak, flowers are everywhere and it's just stunning.
The trail is in great shape, no blowdowns the whole way and only a couple of muddy spots. Not much snow and there are clear booth paths. Above Spray Park it can be a little tricky to find the trail, but there are plenty of cairns to follow.
A section of the Wonderland is out along the Carbon River, so you'll need to cross the river twice, including once on the suspension bridge. There were hiker reports of a bear and cubs in this area, but I only saw scat on the trail. Someone said they crossed on the suspension bridge, what a sight that would have been!
The push up to Ipsut Pass is steep and it doesn't help that it comes at the end of a long hike. At least it was full of wild flowers, especially towards the top. Reaching the top was rewarding and the downhill portion back to Mowich a nice way to end.
This is a wonderful loop that covers so many different ecosystems that it doesn't even seem real (old growth forest, alpine meadows, subalpine, snow and rock fields and even a rain forest!). WA and Rainier National Park are special places.