It's exactly as advertised so make sure you know what you're in for. The place is divided into individual cubicles, but you'll hear other people as if they're in the same room as you. The quiet hours were respected when I was there but you can still hear any movement from the other guests.
If noise doesn't bother you or you use earplugs, etc... then it's a great stay just next to Penn station, and within walking distance from Times Square. The place was clean and Michael is a great host!