I've never stayed there, but I never would either. You should be able to find a better place to stay here reasonably. They are practically giving away rooms right now. I would check places like the Golden Nugget, LV Hilton, Mirage, MGM, TI, etc. Bellagio room rates were $79/night recently if that's any indication. They used to go for at least $250/night.
LOL last time I stayed at the El Cortez, the internet cost me more than the room. Mind you all I did was pass out there then go back out gambling/partying etc.