I went to Jacob's on my company's dime and man I'm sure glad I did.
The huge drawback to this place is the price tag. but if you have the money to drop then make it a point to head out to this place.
First of all, it is HARD TO FIND at night. It seems like its a hidden night club in Toronto that you would have never thought to have existed if you have never been to it.
Now, due to dietary reasons (I can't eat unkosher meat) it makes little sense that I go to a steak house for a meal. But from what people have told me, the meat is FANTASTIC and it is quite a meal.
I did get the European Sea Bass/ Absolutely delicious and I still dream about it from time to time. I started the meal off with a Frisee salad and the Blue Cheese is what makes the salad work. Blue Cheese is usually a hard ingredient to work with because it is very overpowering, but they make it work at Jacob's
They also make a decent gin and tonic as well.
In summary: worth it if you have the $$ to spend.