I've been a member since the place opened about 2 or 3 years ago, no major complaints. It's cheap (I believe it's $15/month now, $5/month more for tanning), it's open all night during the week, and I've never seen over-subscription as a problem here.
There are some small annoyances like the upright bikes with the recumbent pedals and the occassional elliptical arm that needs to be tightened up, but the equipment is good and generally well-maintained, and you get more than your money's worth.
Also, since they're geared more towards fitness rather than being able to bench press a Volkswagen, you don't get the riff-raff that goes with a place like that.