I love King Street, its cool, hip and fashionable and I can also say the same for Pearl King.
Great location (just a couple of blocks east of Spadina) cool décor, two floors and t.v's (in case you want watch the 'big game') Nice, but smaller selection of beers and wines, décor is very cool and the staff here are very efficient and friendly.
Prices are actually in line with what you would pay at similar establishments on King Street (remember, rents are very high here compared to the burbs) although prices for similar menu items are cheaper, if you head north on Spadina to Chinatown.
O.k, maybe they don't have the healthiest menu choices but everything here is very flavourful and tasty. For me this a great place to chill with a couple of friends, and have some drinks and snacks.
Personally I loved the Taro dumplings (cooked to perfection and not greasy) I will definitely come back here.