Eh, I like the price, but I think I'm willing to spend $10 more per night for an ensuite and a slightly larger room (and something closer to public transit). I'd personally be happy with the Formule1 if I were alone, but the room in SYD was extremely cramped for two people--it was so small it was hard to move around.

[begin rant]Really, I don't understand why they can't build the Formule1 rooms a little bigger, at least the ones that are in the outlying areas where land is cheap (like Campbelltown in SYD--that's 70km from the CBD!). Making the room 20 or even 10% bigger wouldn't add much to the cost of building the building, so the rates would only have to be $5 higher (if even that) to cover the additional cost. (I understand small rooms in built-up areas where land is at a premium, but along motorways in the far suburbs, land isn't that expensive.) My standards aren't that high (I'll stay in hostels), but my first experience at Formule1 was really not positive enough for me to consider them again unless all of the other options are worse. Motel 6 (same owner--Accor) can build decent-sized rooms in the U.S. for daily rates lower than most Formule 1s, so I fail to understand how Formule 1 can't do the same.[/end rant]

Still haven't had a chance to check out the links people have posted...still settling back into life at home. Will get to that in the next couple of days--thanks again for everybody's suggestions!