if you're going for okey doke.... it's ok.
unfortunately 'restauranting' is somewhat competitive, and there are places nearby, which range from slightly, to way better than the point.
having gone maybe 4-5 times, we've found the entrees ranging from outstanding to fair, and the service from excellent to one server working her ass off, while attending to too many parties.
the location for us is very good (we live in buckroe.), and the atmosphere is an 'engaging mom and pop'. the restaurant is affordable, and the menu ample, yet the overall ambience implies a level of culinary sophistication not experienced across the entire list of entrees.
all in all, we like phoebus quite a bit, and support, where we can, the local merchants on mellon and hope streets.
as a result, we recommend you give it a try, but not for a special occasion.