I JUST heard about this place and am sad I've lived in Tempe for four years without checking out Hollywood Alley. Its fantastic! There is live music almost every night... cool stage... really dark in there....big black 50's style leather round booths/tables, posters and random art all over the walls. Perfect! I really prefer dives that 'try' to have an atmosphere... make themselves an 'eclectic hole-in-the-wall' not just a hole in the wall. Hollywood Alley totally lives up to my expectations.
The back room is packed with vintage arcade games galore, a book exchange (YES, a free book exchange!!! How great is that?) ... mostly trashy romance novels but a few gems in there....
Drinks were cheap and big... they put well drinks in HUGE glasses... definitely twice the size of the usual lowball glasses at most bars. Really fantastic beer selection too! Haven't tried the food but I will.... definitely going back to Hollywood Alley!