It's fine. Was just there. Has two levels, good snacks and drinks and it's a clean, updated comfortable space with solid Wifi. You won't confuse it with a Centurion Lounge but it's a good place to kill a couple of hours.
Just returned from Cabo. As others said, it was fine. We were there around lunch time and I had my choice between 2 salads or a turkey sandwich. They had Coke and 7up for soda. I didn't order anything from the alcoholic section (had plenty of that at the all-inclusive).
I wasn't impressed by it, but I also wasn't disappointed.
I have been here twice. I think the lounge is perfectly adequate.
As others have said, 2 floors. Upstairs has a separate room with a pool table and a TV with XBox. It's not "luxury," but does have a decent modern feel and will certainly pass the time better than the terminal, which can be extremely crowded.