I stayed there in August and it was "OK." I have sent many clients there over the years and never had problems with it till recently when I had to move someone out after their first night. It has fallen into a bit of dis-repair. Not sure if it is because the deal with Jaguar Reef fell thru, or what.
There is usually a reason why they are offering deals on Living Social (which I saw the other day but can't find now). I guess if you don't have super high expectations, it would be fine. The place has a ton of potential, and used to be awesome. Hopefully it gets back to that soon!