I have always been a fan of the Luxor. Stayed here many times in the past but it has been about 7 years since my last stay. We were in town for the Las Vegas Marathon at the Mandalay Bay and the Luxor had the best price.
Unfortunately, as others have said, the Luxor is starting to show its age. They haven't done a good job keeping it up and the carpet is looking thrashed, the paneling was coming off in the elevators, and the rooms still have box TV's. The bathrooms look like they had new tile put in, but it's looks cheaply done.
Although it hasn't reached the ghettoness of the Imperial Palace, but I swear a spit came flying off one of the upper balconies while I was sitting near the Titanic Exhibit. That's just nasty.
Other than that, the rooms are spacious for what you pay for and the beds are pretty comfortable. If you are just looking for a crash pad, the Luxor will fit the bill.
Oh, and one more thing, no coffee makers in the room. So have fun waiting 15 minutes and paying $3.00 for a cup of coffee at one of the Starbucks in the Casino.