Although the forum is based in Chicago, the following thread has a running commentary on some interesting Shanghai restaurants by some knowledgable foodie types (including my spouse):
LTHForum Shanghai Thread
If you are adventuresome, try a
noodle tour (I have no connection to the outfit that runs the tours; just a satisfied customer).
And if you must have Asian/Western fusion, go to:
Goga
岳阳路1号, 近东平路
1 Yueyang Lu, near Dongping Lu
Phone 6431 9700
Or:
Madison
上海市徐汇区汾阳路3号2号楼,近淮海中路
3 Fenyang Road, Building 2 (near Huaihai Zhong Road)
(86-21) 6437 0136
Enjoy!