Went around 10pm on the weekend with a group of 8. The service was actually great. The staff seated us on the outdoor lounge as quickly as they could, and went out of their way to gather and arrange furniture to accommodate our group. Not the typical 'we are too cool for life itself, and could care less if you are paying to come here' attitude we'd come to expect from staff at some of the other trendy bars.
Setting was great - awesome view of the strip at night from the patio; you could talk or dance, depending on your group. Better view and setting than Tao Beach or a much more expensive club, and much better atmosphere.
No cover, at least when we were there. Boutique cocktails made with fresh ingredients - I got a pineapple chipotle margarita - which was decent but the splash of actual tabasco sounded more innovative than it actually tasted. Reasonable at around $12. I'd recommend trying one of their specialties.
Not a very large selection of cigars like we'd expected, but they did have them available, and it was nice to smoke them outdoors. DJ playing club music from his computer and got some bachelorettes dancing - it would probably be a good place to go with a group like that for the lounge atmosphere without having to buy table service.