A group of friends and I visited for a few days at the end of July. As it was low season for them, the whole island was QUIET. Like five people at the bar, half of them staff. Odd, but it's just how it works there during low season. Most resorts seemed empty, honestly.
The guesthouses were clean, new and well kept, as promised. They offer a double bed, fridge and tv for 30 USD a night. Other guesthouses on the island may be a little less, but I think that the helpfulness and friendliness of the owners/staff is worth the extra 5-10 USD a night. Besides, to us, what is 5 USD anyway? Not. that. much.
Yun and Rory were extremely welcoming. They love to just hang out and chat with you about your travels, your plans, where you come from, where you're going, the whole 9. Makes for a great vibe. Yun will make you a good, cheap, American breakfast for a whopping 4 USD.
They had great suggestions for island tours, where to eat, etc. and they were all spot on! They're also fun to have a drink with late night!
We didn't really eat much of the other food on the menu or drink there at the bar. It was cheap compared to American standards, but slightly higher than the rest of Vietnam... but it is a resort, mind you and they do have to make some kind of money! Again, nothing crazy expensive. Think like beer for $1.50 versus 75 cents elsewhere.
Late night Jaeger shots were 3 USD, though, and delicious as always!