I have visited this place about 4-5 times. I like the outdoor cafe-style setting, makes great for people watching. There is rarely too long of a wait, and it's fun to sit across from the live statue and watch him scare kids.
Aside from the Ravioli a la Vodka.. there is nothing else to rave about. Whatever you eat here, is cooked much better in other places and that even includes the pastries. The canoli was crunchy, but the filling was flat, it lacked dimension to it- as if they only used bland cheese. The ravioli is really good, what makes it so delicious is the sauce; everything is cooked and seasoned to perfection. But it's just that, cheese stuffed ravioli with a light, yet creamy, vodka sauce.
The service is a hit or miss, it doesn't even depend if it's busy or not... it really depends on whatever server you got.
I would only recommend this place if you are hungry and at the Venetian. The prices are reasonable compared to the rest of the restaurants (not fast foods) onsite. There is a vast selection of gelatos, pastries, and italian sodas worth giving a shot.