They are still there, they just changed the name and menu some. Now called "The View" I've had breakfast and lunch there and it was good. We were going to go there for dinner today but plans changed. They have what looks like a nice dinner menu which we would like to try but that is going to have to wait for a while.
They no longer have late night entertainment and it is now a restaurant only. It's location over the water makes it somewhat unique and we find it very pleasant. Incidentally the owners are experienced and still own a restaurant in Maryland which I intend to visit for crab cakes this spring on my way North. They've promised me that I will not be disappointed.