Definitely agree with other reviewers that Parasol is a perfect spot for what I'd like to call a "transitional moment"--you know, a time when you find yourself wanting a spot to sit back and enjoy an alcoholic beverage but ultimately have other destinations you want to end up. I definitely can't see myself spending more than an hour or two at this lounge, but it (specifically, the Parasol Down portion) was the perfect place to unwind after dinner at SW and keep the buzz going until the next planned stop (Blush).
Our cocktail server was really friendly and brought our drinks really quickly. Considering we were in the Wynn, the drinks weren't too overpriced. I believe it was about $80 or so for a round (plus a second for a few people). The seating situation was a little less than ideal for a group of 7; we had to pull up chairs from a bunch of other table and the table was a little too small to comfortably fit everyone's drinks. I also wasn't thrilled with the light level -- if it were a little earlier in the night, I'd be ok with the whole lounge being so brightly lit, but I think they could turn the lights down a notch and give the place a bit more atmosphere.
Those small complaints aside, I was happy with the time we spent at Parasol. I definitely nominate it for the "Best Place to Stop on Your Way Somewhere Else" award!