Overall we liked it. Prices were not outrageous, with most entrees in the $20 ballpark. The menu was interesting. One thing that stood out was the portion size. My wife had the ribs, and the picture below is after she started:

This was, seriously, the biggest rack of ribs I've ever seen. They were good, though not great. It came with sweet potato fries - something more restaurants should have.
I had "dry-packed" scallops over mushroom risotto. This was also good but not great. It seemed a little salty to me (especially the risotto). Not as bad as PF Chang's in Colonie, but just a little too much.
One plus is that the place is kid-friendly, though not over the top like Bugaboo was. They do have a kids menu, and a lot of people had kids with them.
We had an appetizer too. It was a combo - three different kinds of rolls (sort of like eggrolls) along with a spinach-artichoke dip. I liked it. The rolls were good and came with a few dipping sauces. The spinach dip came in a huge container with chips - I don't know how anyone could eat all that. It was more than enough for four adults. I was so stuffed that I couldn't eat much of my entree (especially after I ate a couple ribs).
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Update: We went back the other night. It was a Saturday night and the place was jam packed, as was the entire mall. Perhaps a good sign for the economy. While it took some time to get seated, and service was understandably a bit slow, the food was excellent. The portion sizes were, again, outrageous. The biggest standout for me was the cheesecake. I love a good cheesecake, and I'm picky. This was the best cheesecake I've ever had in Albany. Cheesecake Factory may have more variety, but for a straight-up New York cheesecake, the Standard has it. Not only was it great, but it was so big it made dessert for two other meals. My wife got a brownie thing with ice cream and it was monstrous. We haven't finished the brownie yet. She had a burger too and that was done right.