It was okay. We stayed two nights. Family of five in two rooms. We stayed in Tower 2 which is supposedly the nicer of the two. It really was fine, nothing bad or gross. The bathrooms were quite nice. However, the furnishings are tired and worn. It was definitely not a fresh hotel. I imagine it's because these rooms see non-stop action and abuse.
As for location, I would have preferred to stay in New York, New York instead. Anytime we wanted to go to the strip we had to make our way through casinos, tunnels, stairs, escalators, etc. just to get to NYNY and then we were on the strip.