Luxor is a pretty cool hotel to stay at. I stayed here a couple years ago when I went to Vegas with some friends. We got a tower room and it was pretty cool. I think a pyramid room would be cool too because you get to ride the sideways elevator up to your room and look down into the pyramid below.
I really really like the pool at this hotel. It's really true to the theme (Egpyt) and has many different areas and is a very comfortable place to lounge. We had a great time at the pool.
It's a little bit off the main part of the center strip, though. But it's still close to other cool hotels like New York New York, MGM and Excalibur.
But just as a word of advice - stay away from the buffet! I've been there a few times and have been extremely decided every time I've gone there.
Other than that, the Luxor hotel is pretty awesome and I highly recommend it!