Yes, this IS the ghetto of the Strip. Smelly, sketchy and very cheap.
HOWEVER, if you're in Vegas with kids it's a must visit. The Midway and Arcade are a blast for the little ones. Total throw back to the shady carnival games of a day gone by (in a good way). Toss in the free trapeze acts and my 8 & 10 year olds had a ton of fun.
That alone earned 2 stars from me. Just wash your hands when you leave. ;)