Pro's - Clean, cheap, good locale, quiet, friendly staff, good selection of free information on Taipei attractions.
Con's - Although rooms were clean there was a strange smell emitting from the shower area. The lack of view (the small window looked out to the next building about 10 foot away) and small size of the room made it slightly claustrophobic.
Lastly, not any fault of the hotel, on two separate occasions through the night, an absolutely manic banshee woman got the wrong room, but rather than realising her mistake, continued to try and force her key, scaring the bejesus out of my wife. I weren't that bothered though, I had my headphones in listening to soothing Buddhist tantra music that's good for my Chakra Balancing and helps me sleep.
3 stars. A budget spot, the price is reflected in the rooms. Overall it's reasonable value for money.