I missed this place when I recently went to Cebu. I was in IT Park for a week but haven't had the chance to dine in here.
I agree with you on these Pros and Cons. A friend wanted to dine in here when we met but since we're planning to stay longer and catch up, we thought we should just go somewhere else. Sugbo Mercado is nice and has a wide variety of food but sadly, only few places to sit on with a group, and can't really stay long. It's also kinda not appropriate for catching up because of the crowd's noise and the sound from the band.
If you're only here to dine and dash, probably this is a good place.
So true @wittyzell hehe however the place is still good and the food... They're amazing.