I've been here a few times now, so I think I'm finally qualified to review it. First off, I'll say that this place is gorgeous. They put a lot of thought and money into the look of Olive and Ivy. It's very fancy. Even the bathrooms are impressive - the stalls are like little closets with no way for your neighbor to hear you pooping or to reach under and touch your feet... you just better hope there's paper in there before you start to go. Also, the doors to the stalls are nicer than any door in any house I've lived in. I'm talking big hand carved oak stained wood doors... for toilet stalls.
Anyway - the rest of the place is opulently decorated and well furnished as well. There's a swanky yet sophisticated feel here. The food is above average - as are the prices - though I don't know if the prices reflect the quality of the food. They carry a decent selection of wines - having sampled quite a few, I've decided that the least expensive ones taste best.
The service wasn't great, but it was pretty busy. The layout here would be pretty confusing for any server - but combine that with low lighting conditions and you have a recipe for service disappointment. Our server on my last visit was at least very sweet. In fact, I have yet to feel mistreated here, so I'd say at least they have "nice" down.
This isn't my type of crowd - unless you're asking me for a crowd I'd like to see burned alive. But as with many great places in Scottsdale, you may have to bring your own crew in order to really enjoy yourself. This might be a good place to meet up for an early drink or a happy hour snack before heading out for the evening. It's definitely in a great location and like I said - it's pretty nice.