There wasn't anything wrong with the accommodations, but my 2 star rating is due to its distance from the Strip and its casino floor. The room was actually really well decorated and our double bed room even had TWO televisions. The pool is pretty cool, too.
However, I just can't get over the inconvenience of being away from the other casinos (not in walking distance and the shuttle service offered isn't 24/7). The second issue is really a matter of preference - the focus at this hotel is about partying and less about gambling, so the floor isn't as good as other casinos.
If I were a more of a party person, then I would give the Palms Casino a 3 (maybe even a 4).