Pros:

1- Location, it's right in the middle of strip where the action is
2- Gorgeous swimming pools
3- Friendliest staff
4- Reasonable price for what you get
5- Starbucks in the lobby by the Augustus elevators
6- Gorgeous bathroom with marble floors

Cos:

1- Most places to eat are sit-down restaurants and spendy. There are only 3 little places which they have fast food like food.
2- No fan in the bathroom
3- $15 per laptop per 24 hours
4- We had lots of problems with the room key, they say the keys are very sensitive so don't get them close to your cell phone or credit cards ... we didn't but still the keys wouldn't work and we had to go to the counter several times. They ended up giving us $15 discount though.

Was in Las Vegas for three days for a business conference. When I arrived my room was upgraded to a junior suite (as I have a Caesar's players card from Atlantic City). The room was great! Beautiful view and huge! Tons of closets, two bathrooms, and living room area. Also, the service was top notch.

I went for a conference and I just liked the place like anything. I stayed in my brothers room for couple of days anf rooms were well equipped. Their 24 hrs restaurant had my favorite hot wings which was amazing.
The hotel is in the heart of the city and around it are some popular hotels like Ballagio and Flamingos.
Overall , the stay was excellent.

My Husband and I visited Las Vegas the week of Halloween 2012. He came for an IBM conference and I was able to tag along. Overall the hotel was very nice in appearance. We stayed in the new Octavius Tower. It was all very nice, the room was spacious, and clean. We had a small issue with only having feather pillows, we both have allergies, and the front desk was prompt at bringing us 2 extra foam pillows. The cleaning staff was friendly and always did a good job.
The only real complaint I have is the cost of it all. For me, coffee in the room should be included in all hotels. But here it's about $12 for 4 k-cups. Ridiculous. And the cost of any other food/drink was so over the top for the quality. Also to use the gym facilities we had to pay approx $50 per day per person. Really? I feel like that should be included in the nightly room fee. Maybe I'm just used to more inclusions.
The pool area was very large and there wasn't an extra fee to use it. In the morning hours it was pretty empty but got busy in the afternoon.
Overall it was ok, but we probably won't be back unless its another business trip and that's the hotel chosen.