I stayed at the XiaoXiTian branch during the Olympics. Room rates were around $100US a night during that period.

Pro:
Free Internet In Room; working A/C; relatively clean premise; quiet; English speaking manager; safe area; supermarket, breadshop, and 24hr restaurant with english picture menu right next door; ATM machines close by; daily room cleaning service; working TV;

Con:
Sewage odor creeps up from the toilet, sink, and shower drain - Pick 4th floor or higher if you can. Had to wire transfer the entire payment in order to secure the rooms (had to put a lot of trust that this is a legit operation). Not near subway. Taxis cost around 30RMB to get to Chaoyang district. Make sure you get the manager to write the Address and the cross-street/directions to the place on a paper for you to hand to the taxi driver. Taxi drivers may not know where exactly the address is.

Webiste:
www.365inn.com.cn

the bad:
the shower - literally no water came out of it, and the little amount that came out was cold
we were there in March so it was a litte too cold for cold showers
TV: just chinese
no heating - thus very cold in march
the noise: altough there are very few cars it is still very loud, people waling by, motorcycles ...
the god:
location: conveniently located - if you know how to find it in the first place. you have to wald 5 min to get a taxi because the hotel is in a small street were there are no taxis
the cafe: is not part of the inn but you have to walk thourgh it to get into the inn, so homey, comfortabel, UNIQUE decoration, good breakfast (not cheap though), excellent fresh mango juice
internet access: 2 computers access is for free
beds were comfortable
room was clean
i would stary there again

I decided to stay here after reading the reviews from TripAdvisor. I stayed total 7 nights. 3rd floor rooms are bigger and nicer than the 2nd floor. Rooms are clean except there foul smell in the toilet, guess it's the poor sewage system, however still bearable. Room was not clean daily during my stay.

There are 2 computer at the reception, internet access for free.
Staff were friendly. Laundry service was cheap.

Overall with the price paid, could not ask for more

Hotel is a 15 mins walk from Qianmen subway. Once you get out from subway take the exit 'C'. Then you need to use the underground tunnel to cross over to the other road. Most of the road sign on the small roads are only in Chinese.

.

We had a great time kickin' it in the lobby and drinking coffees, beers, etc.

Rooms were clean, modern, etc. Very satisfied with our stay. Lots of great bars/restaurants, etc. around.