The whole package is a four. The views, service and ambience is a 5 and the food is a 3. We had a magical view overlooking the Bellagio fountains with the pretty--if Disneyesque--architecture of the Italian style buildings around the Bellagio lake. In fact, even the restaurant itself felt like a Disneyworld restaurant.
I'm not sure this would be my restaurant of choice (given the expense) if I were taking my wife. I would take her to an equally expensive but more gastronomic choice in Vegas. But, given that I had my 13 year old daughter, the choice couldn't have been better.
The food is pretty good but you can tell this isn't a chef of supreme talent. My daughter's halibut was excellent. My veal was a little tough and a tad over-cooked. In other words, the food is perfectly fine but don't expect Eric Ripert from Le Bernardin or Thomas Keller from the French Laundry. I wouldn't even put the food in a category of Mortons or Ruth Chris. It's a half a step below these. But, the view, the fun of riding the elevator and the overall experience made this a wonderful evening with my daughter who has raved about the restaurant.
Here's what to expect for price (assuming appetizer, main and dessert) per person:
$75 food
$50 wine
$10 tax
$25 tip
$150/per person