Yes. Yes to everything here.
Great location (you can watch the fountains from the patio), great menu (yes, it's a little pricey but actually good food and decent portions) & great staff.
We made lunch reservations (I would recommend for most of the higher end dining at the Bellagio), and were seated immediately. We didn't have a great view of the Bellagio fountains but I also really don't care about the fountains ... maybe they knew?
The menu was vast and included the ipad drink and dessert supplement menu. Like all the drinks I had at the Bellagio, they were strong and delicious. They really have some great mixologists at their F&B locations.
For lunch I had the seared tuna which was EXCELLENT. Fresh fish, fresh vegetables, a really hearty meal that was not unreasonably priced (by Vegas standards). Recommend!