I actually stayed in February of 2012, but only recently joined TripAdvisor.
At that time they were in the process of completinng the renovations to the Hotel and booked a King size Jacuzzi Fallsview room, which had a superb view of the falls. Check-in was courteous, professional, and quick.
The room is Triangular in shape and is exactly as shown on the corporate website. There is a mini-fridge, microwave, flat-screen TV, Jacuzzi in the corner, and separate enclosed washroom. Everything was new, clean and simply decorated. One side of the room is completly windows which lets good amount of natural light in and we had a perfect view of the falls. The building infron did block a little of the view, but not of the river or the actual falls itself and was really nice.
There is a pool on premises but found it mediocre and did not eat at the restuarant so I dont know how it was.
I stayed for 2 nights at about $135/night and was well worth the money. You get a great view in the King-Jacuzzi and its located very close to all the attractions.More