Great location - busy reception
You couldn't wish for a better location in New York, right in the midst of Times Square (which is an area, rather than a literal square, donchaknow). The rooms are quite big and are allon the 25th floor or higher so you can be guaranteed a pretty good view. I had a view of the DKNY headquarters and a glimpse of the Empire State.
Service was okay - they always seemed to be so busy at reception and there were crowds around each day - but no complaints.
Breakfast was a bit pricey, coming in at $35 including tip, although you might feel that giving a gratutity for a buffet in which you serve yourself is a bit odd.
Clean and fresh, the rooms were comfortable and easy to sleep in. 
The elevators had constant TV playing, which always seemed to be a moment of high emotions from some sort of Oscar ceremony. I guess if you can make it there ...