That is the hotel I am staying at when I go to Vegas in July. Anyone ever stayed there?
While I have not actually stayed at the Excaliber (because I heard the rooms were on the small side), I can tell you that it is in an excellent location. There is a free monorail that connects Excaliber, Luxor, and Mandalay Bay. Across the street, at the MGM, is the main monorail that runs from the MGM to the Sahara, stopping at various locations along the way. Just in case you don't have a car, or don't want to battle the traffic on the Strip. Be warned, there is still lots of walking involved.
Las Vegas Monorail Prices:Single Ride ticket: $5.00
Two Ride Passes: $9.00 Ten Ride Ticket: $35.00
Unlimited day pass: $15.00
Excaliber used to have a little show in front of it, when the rage in Vegas was having some type of show/attraction in front of your hotel. This one involved Merlin battling a fire breathing dragon. It was pretty lame, but really funny the more you drank.
Have fun.