I am constantly searching for excellent mexican in the valley. This place is just OK.
The pluses: Reasonable pricing, good service, decent atmosphere.
The minuses: Margaritas seemed pretty weak, expecially when we ordered them in a pitcher. The food itself was OK - We ordered carnitas, which were good but nothing special, and the appetizer sampler, which was mediocre.
All in all, nothing remarkable about Pink Taco. A solid three stars.