I like Olive & Ivy's food, but I love their Mojitos. I could completely forgo the food and solely sip on that delicious drink. However, my gripe is that I don't really think it's worth $10. That is a little steep for that particular drink in my opinion, as they don't make it too strong and it's not muddled to perfection a la Trader Vic's style.
Their food is good to really good, and I do think that most of the menu is over priced. That's probably because you are paying for the "concept" not the food. As per usual, Olive & Ivy attracts a fake crowd - just like most of the Sam Fox spots. On the other side though, this restaurant does provide me with some excellent people watching and that's always fun every once in a while.
Some other good aspects of Olive & Ivy are the: outdoor patio (great place to sip my Mojito and people watch), sea bass or seared ahi tuna dishes (I'll usual order one or the other) and the service (their wait staff is on top of their tables).
Olive & Ivy doesn't get me too excited so it's a solid 3 stars... because if someone asked me to suggest a restaurant in the Waterfront area, it probably wouldn't be my first recommendation.