It's about as good as it gets. The cocktails are fantastic, the food (from Sidecar downstairs) is great, and the vibe and service are spectacular. About my favourite place in Toronto to spend time with friends.
$285 for a membership? Put it this way: I've never been unable to get a table or a seat at the bar. There are no random people off the street drinking lemon drops or tequila shots. There's jazz playing (sometimes live!), other people who are there for the same reason you are, and no reason to be uncomfortable. Worth it to me, may not be worth it to others.