Parasol Down is better, way better... go there. The drinks are on the expensive side, but what isnt in Vegas? and they are not THAT expensive besides they are GOOD.
If you are lucky enough to get a table outside (and by Lucky I mean get there early) you will have the best conversation and free show spot on the Strip (well, still thinking of that... VS Fontana Lounge @ Bellagio)
Minimum is 1 drink per person to get to sit outside, but hmmm that is never a problem for me, my problem is actually the Maximum of drinks I can have before the kick me out (kidding, kidding)
This is NOT a lounge, its just a way better then average Casino Bar.