I've stayed in a few places in Vegas, from the Palazzo to T.I. and the Stratosphere is definitely one of those "you get what you pay for" kind of deals. My girl got a promotion for us to stay there for 2 nights for free basically so you can't beat that price. The room was fine, nothing awesome or to write home about. The location is super far from the heart of The Strip and a lot of the clientele were college kids and country bumpkins. Bumpkins aside, I found the location to be the biggest detriment, I mean you could walk it and many do, shiet we did once, but it will wear you down pretty quick.
On a high note, there were these two Dueling Piano guys performing and they are crazy good (they do request, they killed it with Montel Jordan).