Your idea sounds great!
Here's a couple of things that might help you:
you can omit the vertical 2x4's in the pond by laying the log cabin frame out with 2x4's laying flat. This way, retain all the strucural integrity you will need in just the frame itself. It can easily be constructed with nails or screws alone. just remember to stagger the pattern on each consecutive layer of 2x4's so that you aren't hitting nailheads from the last lyer put down. (you get the idea?) I realize this creates more weight (and just a bit more cost) but it will eliminate your struggle in trying to shape the pondliner around the vertical 2x4's you proposed.
Also, while you can use any wood you want for the frame itself (spruce, pine, pressure treated pine, etc), the cap you place over the pondliner edges should be constructed out of virgin (untreated, unpainted, un-anything but dried) spruce. And I would even use 2x6 for the cap/lip so that there is a little lip that extends over the pond and/or the outside edge.
2x4's are 3 1/2 inches wide by 1 1/2 inches thick
2x6's are 5 1/2 inches wide by 1 1/2 inches thick
In knowing this, you can either have a 1 inch lip inside and outside the pond or you could have a 2 inch lip inside the pond. Both are nice but a lip inside is the important factor. Plus, this extended lip will make for a nice place to put flowerpots that contain plants that aren't marginal or aquatic.
Click to view attachmentFor filtration, you dont need a fountain for creating currents in your pond. You can actually grow a nice sized colony of beneficial bacterias on a large sponge prefilter. The prefilter sponge can lay on the bottom with a tube that runs to a powerhead or the sponge can be directly attached to the powerhead. The powerhead can either lay on the bottom or it can hang on a couple of hooks placed just under the lip of the capped edge. if the powerhead is hung at the water surface, no extra aeration is needed because the outflow from the pump will skirt across the pond. If the powerhead and sponge is kept on the bottom, all that is needed is a hose running from the powerhead up to the edge of the pond where you can hang a water return/ outflow peice for wet/dry filters from the lipped edge.
There are many ways to supply sufficient filtration for your proposed pond. The secret is to have enough bio-filtration surface area so that you dont need the regularly suggested 10 x's filtration. wich method you choose is up to you. I'll be back with some ideas on that for you . hopefully, in the meatime, some others have some ideas on providing enough bio-surface area...........