The coffee is reasonable, easy to drink, but by no means a top brew. It has a distinct north American taste to it. If you are looking for authentic European, look elsewhere. However, the vast variety of flavors you can add to your coffee will most definitely attract many people. Prices for the most part are in line with the typical cafes of this style, you are not here to gulp down mugs of cheap regulars.
Cakes are another story.
They also serve alcohol, have theme based nights and events featuring different music and foods, and are open late. If you are looking for a good night spot in Toronto for a brew, try it out.