I just typed in 'Magnolia' to the search function (and selected "Eating Out in Chicagoland" for the forum)--just the one word and came up with a number of threads. I couldn't find my screed because, apparently, I never bothered to put finger to keyboard.
After hearing many good things for quite some time, the Lovely Dining Companion and I went there for dinner several months ago. Pleasant, small room. Fair service, no more. High prices (I'm speaking of dinner, now) considering the food, which I would give a C+ or a B-. (I just checked their menu online and am still surprised at the price of their apps.) I know that's not very specific but frankly, although I recall the dishes we had (pike and mahi mahi), they stood out not at all. (Okay, I relent slightly: the crab cakes were good--but very small.) My feeling that evening as we left was that we had paid far too much for okay, not at all creative or even interesting, food. Why would a place that gives every evidence of aspiring to the "fine dining experience" serve a twice-baked potato with bacon and cheddar with their beef tenderloin? That, to me, evinces a complete lack of imagination or creativity; I'm not looking for Moto or Alinea, but I'm not looking for fast food either.
We were disappointed because the place is not terribly far from us and we were hoping to find a place we could frequent. We haven't been back and I don't think we will; there are simply too many better alternatives that 1) have better and more interesting food at the same price point or 2) have better food and better service.
I know this runs counter to the experience of many, but this is what we got the night we went. (I would second much--though not all--of what asami writes, but give it a different emphasis, I suppose.) Believe me, I wish it had been otherwise.
Gypsy Boy
"I am not a glutton--I am an explorer of food." (Erma Bombeck)