The location is the Moonlight Palace's biggest problem. Virtually every tourist travelling to Jaipur will want to spend most of his time in the Pink City and walking there from the hotel is totally out of the question. Totally.
Apart from that you get a perfectly good mid range room ( very nice bed, TV, WiFi, quiet, everything spotless clean) for a near budget price (1000 when going through booking.com, so probably 20% cheaper when you call). The food at the roof top restaurant is really OK, too.
The only bit of criticism I may want to mention is that I really could have used a more elaborate explanation of what my options of going to Delhi were.
So, the Moonlight Palace is a nice hotel for a reasonable price, but next time I go to Jaipur I'll try for something closer to the old city.