My review might be a little jaded, because I've eaten at the ones in New York.
This place is an upscale, pricey steakhouse.
That's not a complaint, that's just what it is.
The steaks are fantastic, the service is excellent, the atmosphere is darker than what I'm used to.
This place is a little off the beaten path (one or two blocks removed from the strip), so I imagine that most of their business is from regulars or people that know the name (or for people who inquire about an upscale steakhouse.)
I think that a group of fraternity members, visiting from out of town, are more likely to go to Cabo Wabo than to stumble upon this place and go inside.
In any event, I would consider this place as a fine-dining restaurant.
One menu Item that I would highly recommend is their "molten chocolate cake".
You have to order them in advance, so don't forget.