If you're expecting dingy and gross because of the low price, you'd be wrong. The rooms are small, but if you prefer an older aesthetic, you will be in heaven. It's the kind of place that has character. And you know, a flat screen tv and an iPod dock. The Neutrogena products (as opposed to the no-name 80s products in the Treasure Island bathroom) were a very nice touch.
Unfortunately, you will hear every minute of the Fremont Street Experience, but there's only one bed in the room, so find a way to distract yourself and you'll ignore it.