A friend and I stayed in a double queen room for a week and we enjoyed this hotel immensely. The room was clean and well appointed, the bathroom dated but clean with good water pressure. The beds were comfy and the view from our room was great :)
The hotel is on the south side of the Strip, within walking distance to the bigger hotels/casinos. The hotel is dated (for Vegas) but one of the nicest smelling on the strip :) Apparently you can buy the scent but I never found it hehe.
There is a small-ish food court and a few other cafes and buffet (which is ok). We availed ourselves of the pools a few times which was a great way to relax, cool off and de- jetlag. There is also free light rail which interconnects Monte Carlo - Bellagio (from memory).
Service was good, although there always seemed to be a wait.More