Friendly, clean and convenient. It was my first time staying in a hostel and I loved it! Even though one of the women in my dorm shouted in her sleep, I enjoyed the experience. Besides, great stories are part of the fun of traveling! The breakfast was only so-so with meat/cheese and cereal, but it was included and made a nice start to the day. Several special things: a) bedding is provided, b) internet access, c) lockers for day storage, d)bar/restaurant for evening meals and socializing and e)lots of tourist info and helpful staff. By the way, each room has a sink, shower and toilet, so you don't have to go down the hall. Just remember your own towel!
The current price p.p. in a dorm room (sleeps 8) is 19.00 to 21.00 euros. It is slightly cheaper if you are an HI member. The hostel is located near the Leidseplein where you can eat, drink, get a tram or just plain hang out. I can highly recommend hanging out in Vondelpark, where the hostel is located, for part of the day. Just don't go wandering too deep into the park at night.
If you have no where special to go in the evening, hang out at the Brasserie Backbackers. Or go for a pre-evening Heineken. Each evening, after a full day of sightseeing, I would go to the bar and write in my journal, drink a beer and listen to the people talking in the many different languages around me. What a super reminder of what a small world we really live in!