The only reason to stay at the ghetto IP is if you're a poor college student.  It's probably the cheapest hotel on the strip which will do fine if you're just looking for somewhere to KO.  I don't think we spent anytime here aside from sleeping but I remember being dumbfounded by how un-intuitive the escalator system was.  There were some that went down 2 flights, some that went down one flight, and no signs indicating either.  Pretty ass-backwards to have to take an escalator down two flights and another up one to get to where we wanted.  Also, our room had a nice view of the parking structure...