I like the intimate feel of the small theater in the Venetian. We had great sets closer to the front and in the middle.
The improv was really funny and they had great audience participation. My stomach was hurting because I was laughing so hard at the audience participation. I usually LOVE Wayne Brady -- he's so funny and great at improv, but when he started singing at the end and had backup dancers, it started to get Vegas showtune-y. I fell asleep for that part (sorry Wayne Brady!). That was probably because I was sleep deprived during the whole trip (I'm not complaining).
Recommendations:
-get there early (i think they pick their audience participants ahead of time)
-get to the bar early -- it is expected that you are drunk during this show as it makes it more fun (especially at the end during the singing)
Bottom line: Great show, but I could have done without the Vegas showtune-like feel at the end. Is it worth it to pay that much to see his show a second time? Probably not. I would just recommend watching "Whose Line is it Anyway" from the comfort of your own home with your own alcohol/mixed drinks. It's cheaper and probably more fun since you're not climbing over people to get to your seat (or are you?).