Typical outlet mall experience with major brand outlets as well as smaller boutique shops.
If you are coming from the strip, take the express city bus as it goes directly to the mall. Be sure to purchase av transit ticket from one of the many bus stops along the strip.
I have been to the premium outlets North and South and love them both. The North Outlet is outdoors and has a great feel to it. Stores are great (the usual outlet stores), prices are great, and it's a great way to spend an afternoon! It has a nice, newer feeling to it than some outlets. The Chico's store here is one of my favorites and you don't find one at most outlets. I also love Michael Kors, and they have one here with a nice selection with good prices.