getting a bad arse suite with a view is half the fun.
Meh. Not if you are barely in it.
I've had a suite the last two times. A badass one at Bally's and actually a King strip suite at Planet Hollywood that was going for close to 300/night over the weekend while I was in it (got it comped). But I also had a regular king room at PH during the week before I got the comp. The suite was nice, but no way in hell I would pay an extra $150/night for it when I was only in it a few hours a day/night, 95% of which was while I was asleep.
To me the most important thing is staying center strip. But that is also because I like to go out all night and hit the pools during the day.
So, really depends somewhat on how much you plan to use or be in the room.