Sometime in the past few years, they upgraded the interior of the restaurant and changed the name, but everything has actually stayed the same: the inside looks a lot better, but the staff is exactly the same (in particular the one chef who waters down all your food) and the serving trays and food selection are the same as well.
I have been able to identify two chefs here, the older one and the younger one. The older one is much worse than the younger one, because he throws water on your food and basically washes out all the flavoring sauces that you put on it. It makes your dish incredibly bland. The only way to counteract this is, when to get to the sauce area, to fill up all the interstitial space in your bowl with sauce (and I mean all - right up to the brim) with sauces, including sauces much spicier than you would normally use. After the watering-down, your dish will taste approximately okay. If you get the younger chef, he doesn't water down the food and you can use a normal amount of sauce, which is to say that you still need to use quite a lot. I really loathe the old chef (he has been here since the Colonel Lee days), as he's pretty much the primary reasons why this mongolian BBQ lags significantly behind in terms of meal quality (because the ingredients and such are perfectly fine) compared to Su's Mongolian BBQ in Santa Clara and Great Khan's Mongolian Festival in the Valley Fair shopping mall. Great Khan's is, incidentally, probably the best mongolian BBQ you can get in the area - the problem is that you have to go to the mall and walk all the way to the food court to get to it.
The price here is very low, and quality is commensurate. While Alex and I were eating, Ted Wang from Fenwick happened to walk by looking for lunch and said hi (apparently Fenwick works with 23andMe as well as Facebook, so Alex and I both knew him) and then asked how this place was, to which I replied, "Well, it's commensurate with price." He looked at the price of the lunch specials which were posted, chuckled a bit, and thanked us before continuing on.
Bottom line: This place is a bargain.