The pros are a single item: cheap rooms
The cons are for more numerous: the place is in a ghetto area of the Strip where I saw vagrants yelling at themselves on the way back to the hotel. If you have a far of being mugged, this is not the place to stay. Taking the monorail at night back to the hotel is an adventure all its own, since the monorail station closest to the stratosphere is a closed down casino with little lighting on the street to get back. It is also very far to walk to the big casinos on the southern end of the Strip. Gambling was mostly the usual dreck of white trash and old people blowing their retirement accounts on slots. There were quite a number of women who were dressed as hookers, but since this is Vegas real sex workers and women coming from clubs look identical since the level of class in the city is so high.
They also hit you with an additional fee of 15 dollars a night for entrance to the tower and exercise room that is not clearly stated when you book online. The rooms themselves are nice enough, with big TVs and comfortable beds.