It is a good option when staying on the Strip.
While it lacks the 5 star quality of the nearby Venetian and Bellagio, TI does offer cheap room rates, comfy beds, big rooms and a great casino floor.
I had a view of the volcano, and it was cool at first, but then every 20 minutes having an explosion outside my window became annoying. Luckily they have great black out blinds. I enjoy these since most of my Vegas mornings need to be in pitch black, since my head, eyes and stomach hurt from the night before.