My sister favors it so I have been there a few times with her, for the happy hour meal specials. Fine but not great, in my opinion on those occasions. I had a steak sandwich one time that was nothing much. Can't remember if it was too fatty or too tough but remember thinking it was not worth it, even at the bargain price.
Good happy hour specials, the house band is quite good and I have seen some surprisingly competant people session there. Other than that however, there are far better places in town to get a steak. Not that Rossi's isn't good, I'd rate it higher than, say, Ruth's Chris...but for the price there are better places for steaks and sides.
Of course by saying that, I have just reopened an ages old argument.