I've stayed here 3 times and I really can not complain. In fact, I think this is the best hotel experience I've ever had. I've ever had. I had to repeat it so you guys would know the legitimacy of what I just said.
I love it here because there's no club and there's no casino. Now, I'll admit when I'm headed to Vegas the thing in the front of my mind is, "What club are we hittin this weekend?" However, it's nice to not have to deal with the madness of the club scene and the smokiness of the casino. But, you're close to Aria and Cosmopolitan to get in touch with the madness.
What many people don't know is that the hidden gems are the hotel bar and the hotel pool. The bartenders are pretty nice and make excellent drinks. It's a cool place to meet up with people and to even meet new people (unless you're too cool to chat with strangers). The pool is very chill. I don't recommend it if you're looking for your Vegas dayclub/pool party (Wet Republic, Liquid, Marquee). There's a DJ and a bar. You can order food and drinks and chill by the pool.
If possible, I highly suggest the 270 degree suite. Depending on where you are you can see the water show at the Bellagio from the comfort and privacy of your own room. Thus, eliminating pushy tourists and their cameras from knocking you in the head.