My wife and I went there with some friends last week. No wait at 7pm on a Monday night (at least not yet!) We ended up staying there until after 10. For 5 people we spent $300, and $70 of that was alcohol! So $230 for 5 people wasn't too bad, and we got 4 quesos, 1 paella, 10 small dishes, and 3 desserts.
We had a great time and the food was good. I do think this so somewhere you should go as a group, as the small plates make it more of a sharing experience, where you just order a lot of different things and everyone tries it out. My wife and I talked after and we both agreed we would have been lost and ended up not ordering things we enjoyed if it was just the two of us.