Note that this review is for rooms in the West Tower. This is my second trip to the Luxor and I have yet to stay in the Pyramid.
Your really can't beat the Luxor for price and value on the Strip. We're currently staying over Labor Day weekend and the Strip is backed and yet we still got $50 weekdays and $100 weekend nights. They ran out if Kings and upgraded us to the Tower for free. I've heard the towers are about 15 years newer so the accommodations are still really nice. The bathroom is nice with a separate bathtub and shower. The bed and pillows are extremely comfortable. The windows are floor to ceiling and we had a reasonable view of Excalibur and the Luxor.
Other negative comments I've read in other reviews are lacking from our visit:
1) Checkin took only five minutes
2) Rooms are in good repair (see above)
3) Service is great. Both the valet and the bell hops were extremely quick.
4) During both visits no one has tried to sell me a timeshare.
We also enjoyed the Steakhouse, Criss Angel, LAX and the Titanic Experience during our visits. Not many hotels can have such a great assortment of activities under one roof. We're looking forward to seeing Bodies tomorrow.
When I stayed a couple of months back I was upgraded to a Suite in the West Tower. It was a beautiful room with a similar look but naturally much bigger. Unfortunately I arrived late and only stayed for a night so I didn't quite get the Hangover experience.