I had a decent time at Merchant, but I was pretty underwhelmed by the menu. Maybe I'm not cultured enough to appreciate it fully, but I had a pretty hard time figuring out what to get.
However, as far as ambience and decor are concerned, this place is the bee's knees.
I went with the Merchant Burger. I thought it was a little small for the price, and overcooked.
All things said and done, 3/5 seems appropriate.