We went to Le Peep on a Sunday morning for breakfast. The wait wasn't long, but the hostess didn't say one word to us, just walked us to a table in the crowded, noisy dining room, plunked down our menus, and walked off. We sat there for about 20 minutes or so without any service at all. This being said, there were literally waiters standing around at another table, doing nothing and completely ignoring us. I also saw the water guy randomly leaving water at tables where people had been seated long after us. After about 30 minutes (and still no service), we got up and left. So, unfortunately, I can't speak for the quality of the food (although, judging by the other reviews here, it's not that great).
Cons: Snobby waitstaff, poor service overall