Rooms are super trendy, beds are very comfortable. You have a small kitchenette with fridge, microwave, cooker, etc so it great for longer stays. And you basically won't find anything like this on the strip near this price.
I give Palms Place five stars because of value, but it helps if it suits your needs. If you want to be set back off the strip a few blocks and don't want the hustle and bustle of a casino as you come and go this place is perfect. If you're in the mood for the usual Vegas craziness it just a short walk via the automated walkway over to the main Palms resort. Which has the casino, party pool, clubs, imax movie theater, restaurants etc.
I come to Vegas for work and Palms Place suites me down to the ground, if I am entertaining customers and want a little action we just head over to Palms or grab a $5 cab ride to the strip. I have stayed everywhere in Vegas and Palms Place is now my regular spot.
You have to book a high floor with a strip view or else it kinda sucks. Mountain side is decent if you like to sleep until noon as it doesn't get the morning sun.