Great place, though not a casino hotel. In a nutshell: this hotel offers terrific value for full amenity suites. It is NOT less expensive than a standard Las Vegas room at any strip resort. That is the wrong comparison, though. It IS much less expensive than a suite at a strip casino resort.
You get a full size bedroom, which is seperate from the living room, as well as a full size kitchen. The bathroom is very large and includes a jauzzi whirlpool. You also get a balcony with table and chairs.
We paid approx. 200/night and found it worthwhile. If you had to stay for more than a few days, the full size kitchen would quickly pay off via savings from eat-in meals, avoiding the restaurant dining that can add co$ts to any trip when away from home.

Four Canadians (me, DH and 2 daughters 21 and 18 yrs old) arrived on a very busy day - this hotel was sold out for this weekend as were many others. We had booked this online 4 months ago and we looked at some other possibilities as the trip drew nearer and realised we were very lucky to have such a good rate, so we kept the ressie. We were so surprised on arrival that we had been upgraded to a Princess Suite without even asking! It was very spacious and in great condition (hotel opened in 2006).
The pool area was small but not crowded even on a sold out day and in the middle of a heat wave (all 3 days were a sweltering 100+F). The kids really enjoyed the pool using it to cool down and tan themselves.
We had breakfast once at Kilowat (which also services the pool area) and used a coupon from restaurant.com so it was good value for our money.
We had a few questions (e.g. is there an ipod dock - no, is there coffee provided with the coffee maker - yes, is internet free- no but there is a kiosk next to the front desk that charges by the minute) that we emailed the hotel beforehand and they always answered within a few hours.
Valet parking can get busy but we called down a few minutes b4 we left the room and we never had to wait more than a couple of minutes once and the other times the car was already waiting. We like the Wynn/Fashion Show/Palazzo area and it was less than 5 minutes by car if we took Howard Hughes and then Sands. We walked to Ellis Island for breakfast one morning and stopped at the 7-11 next door and stocked up on drinks.

The only complaint we had was that the 2 bathroom doors were always locked from the outside when closed and we had to be careful not to close both of them or we would have been locked out of the bathroom! Also someone had stolen the room number (literally pried it off the wall!) so we walked right past it the first time.

Excellent service. We origianlly booked a regular princess suite and other guests decided, out of the blue, to take the trip with us. When we arrived to the hotel we asked to be upgraded to a larger suite or book another suite (which ever was more convinient). In the end the manager ended up giving us the Marquis suite for just $100 more and the price came out to about $340 a night. We were extremely happy because the suite was huge, two bedrooms, two bathrooms (both with wirpool tubs), beautiful view and extremely spacious. The location is not too far from the strip and taxi service was very fast. We did have an issue with the microwave, but that was fixed within short hours. I would definately recommend this place to anyone.

I have been to Vegas many times. I have stayed both on and off the Strip. This is one of the best Vegas experiences I have ever had. The service at the Platinum was spectacular. We had two rooms and arrived early morning. At that early hour, one of the rooms available in the category we booked faced the parking lot. When I expressed dissatisfaction with the parking lot view, the front desk staff immediately upgraded both rooms free of charge to keep us on the same floor. The rooms are all suites and spacious with full kitchens with granite top counters and black refrigerators as well as huge separate tub and shower bathrooms.
The fact that this was a non-smoking hotel was much appreciated everytime we returned from the smoke-filled hotels and casinos on the strip. The two block walk to the strip was an easy stroll even in the hot weather. The breakfast in the dining room was delicious and a good value. Every request was either anticipated or met with a can-do attitude by the dining room staff. I would return to the Platinum in a heartbeat!