Always go here for lunch after a Cenote dive trip with Manta Divers (Cancun). Food is always top-notch (whether I have the alambre, the molcahete or the papas con chorizo), and what is more important, the beer (Dos Equis Ambar) is excellent.
I understand the German owner sold out last year, and that the employees are running it now... let's hope the quality stays the same, 'cos if so they are sitting on a gold mine!
Sports Bar atmosphere, with pool tables for the lads and internet terminals for the geeks. WiFi equipped (ask for the WEP key). Never been there in the evening so comment on night-life.