South Point is a solid 3 stars "A-OK" across the board.
Every aspect is nice and OK but never terrible or great. Prices are fair. Food options and quality are OK. Rooms are fairly modern, roomy and clean. Staff was friendly.
The property lies about a 10 minute drive from the Strip. If you have a car, this isn't an issue. If you want to cab or shuttle bus, be prepared to pay. The free parking garage is close to the casino and hotel rooms because the property isn't very large (in comparison to the big casinos).
South Point has a huge bowling alley and fantastic movie theater on the property. Big bonus if you have kiddos in tow. The arcade can also entertain them for hours. Be sure to hit up the Steak'n'Shake as well!
If I had one complaint I'd say the property is too smoky and could use better air filtration. My eyes and lungs definitely felt the burn from all those cigarettes. I know it's Vegas so I didn't cry about it, but other properties do a better job at filtering the air.
Overall, if you're on a budget and not needing to spend all your time on the Strip, this is a solid option for a Vegas vacation. Keep in mind you get what you pay for, however. Everything is 3 star OK. If that's good by you, then South Point is a great option.