The rooms have been updated and have more of a modern decor (as opposed to the previous Southwest theme) - which I liked. The rooms are pretty spacious and the location can't be beat. It's right next to the trail that takes you to Zilker Park, SoCo restaurants are within walking distance as are bars and such on 6th Street. My only complaint is that it took FOREVER for the water to heat up when you took a shower. We'd often have to start the shower and let it run for about 5 minutes or so before actually taking a shower.
Pros: Updated interior, Excellent location
Cons: If you want a hot shower, let the water run for a while before you get in
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