Went on a Friday around 1:30 AM with 3 guys and 7 girls. Had a connection at the door, so we walked right up stairs to our VIP table. (If you call ahead and have the money to spend, you probably don't need a connection). Be ready to spend. I believe our table had a 5 bottle minimum. The cheapest bottle of champagne I saw was $400. I think vodka was slightly more reasonable, Belvedere was around $250-$275 per bottle. The bouncer at the VIP section did a great job except for when we had 3 other guys meeting us at our table. Even though we were spening over $2,000 he wouldn't let them in. Not too much of a problem since Suite in general is awesome (VIP or not). Either way, the other guys got in about 30 minutes later and we had an awesome night. Definitely a place for famous faces. One of the most exclusive places in South Beach.
Pros: Exclusive with great music
Cons: Unless you're Diddy, have a high girl to guy ratio