Back in 2011, I got a room here at a discounted MOP1,300+ per night without breakfast and gave it a go! The room is definitely very beautifully crafted, and details were attended to from the bed lighting, to the mini-living room, to the exceptionally big bathroom.
Nonetheless, the features of this opulent hotel/resort were not isolated to the room, as the best part is actually in 'witnessing' a piece of faux-Venice, in Asia! One can easily enjoy The Venetian without having to book a room, which is what I would recommend to others looking forward to visiting this place.
By the way shuttle rides from Cotai (where The Venetian is) to Macau downtown are free, just by crossing the street to The City of Dreams, where shuttle buses bring you to Hotel Sintra, which is just a few blocks away from Senado Square.
Also, the gondola is now mechanized, while the gondolier is not Italian (but they have outstanding singing voices!) ... adult tickets are at MOP118, while children are at MOP88 ... and if you cannot fill the gondola, you have to share with another group.