I've only been here once and it was to see Flying Lotus.
The sound system is totally bunk. Fly Lo is pretty heavy on the beats but I've heard him at better-sounding venues and it didn't sound like my ears were going to start bleeding. The crowd on this particular night was a combination of good people in the city combined with the usual Ed Hardy-sporting dum dums.
I still get invited to events here all the time and they all tend to look like torture. I have walked by the venue a few times and it's your usual crop of club goers who actually get excited over things like 20 dollar covers and bottle service.