I stayed at Daddy Long Leg in April 2012 for 4 nights. It's located on a a busy st (Long St) full of shops, night life which is great. I booked it online after reading interesting mostly positive reviews. This might be a different review...
Location - easy access to Bokaap (10-15min walk), Greenmarket 2-3min, access to Waterfront 25-30min walk...