The Palazzo is just as great as the Venetian.  It certainly lives up to the Venetian reputation.  I stayed here for the first time when Tom W.'s company gave their employees a free trip to Vegas which included a fully paid for two night's stay at this hotel.  I was not disappointed because I was expecting it to be just like the Venetian, which it is!  The room was so big for just the two of us.  I think you can book a room here and fit like 10+ people ;)  I'd definitely stay here again!!!