I haven't been there for about 6 years, but it's decent for an older single-screen theater, and definitely has more character than a multiplex.
Back in the late 1990s I don't think they had digital sound installed yet, but the screen is pretty big. Since there is only one screen to keep track of, they're pretty good about projection and showmanship. They serve a variety of food and beverages too.
After the nearby
Drexel North closed in 1995, Studio 35 started doing its own 24-hour horror marathons and other such special events that used to be held at the Drexel.
Here's an
article about the theater that sums things up pretty well.
The theater also has a
web site and mailing list.
Hope that helps.