Surprisingly good steakhouse considering its location. As far as I'm concerned, this is the best place in Vegas for the value. I usually sit at the bar and the staff there are amazing. I wouldn't do the bleu cheese coating on the smaller steaks however (small filet, etc), the flavor is a bit overpowering.
Important tip: Austin's usually has gift certificates on restaurant.com with very generous terms. (Minimum $30 spend for a $20 cert) If you can get a discount code for the site, that means you can usually get a $20 cert for about $4-5.